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Re: Review of Open ECry (futures broker)
Looks like Open E Cry has fixed the problems with the bad ticks in the US/ZB and "stop spikes" in the e-minis.
Turn out the CME was sending settlement prices in their feed at 9:28 am and 15:30 et, but OEC did not filter out these prices from actual ticks.
Likewise, for the US/ZB, 1/4 ticks (and 1/2 ticks) were being sent in the full-tick 30yr bond product due to reduced tick spreads. OEC finally got their software developers to fix the problem (after about a year) by filtering it out of their regular feed.
Word has it that OpenECry is also updating their DOM to support proper mutil-leg bracket orders, in a fashion similar to the Transact AT and other platform, as the current scale-in/scale-out implementation on the OEC Trader DOM is sub-par at best.
Combined with the volume levels and histogram on the recent release of their DOM, this should make OEC's software quite competitive indeed.
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