[n00btrader]

Considering the OEC platform, have some questions..

1. Has it ever gone down for you or given you problems?
2. How does it compare speed and reliability wise to TransAct, Ninja/Zenfire, TT, CQG?
3. What do you pay as negotiated commission rate? Cheaper to go through an IB? Which one?
4. Does it manage positions overnight/maintain GTC stops?
5. Can you define multiple custom OCO bracket order settings and save them, like NinjaTrader ATM strategies?
6. Their site says orders are held server side. So is it not direct market access then since orders are routed to their servers first, before going to the exchanges? How much delay does this induce?
7. Is the demo account, live market data? I compared what they list as GCL to CL on TOS, I assume they are the same CL contract, and the OEC qoutes were off?
8. Can you use their market replay type feature if you haven't recorded the market session you want to replay yourself, ie can you download the replay data from them, like you can on Ninja and TOS? Can you trade this market replay?

Thanks!

[brownsfan019]

Originally Posted by n00btrader »

Considering the OEC platform, have some questions..

1. Has it ever gone down for you or given you problems?

It has gone down from time-to-time but nothing in recent memory. It constantly improves with each new upgrade.

Originally Posted by n00btrader »

2. How does it compare speed and reliability wise to TransAct, Ninja/Zenfire, TT, CQG?

You'd have to get a demo for all of them and size it up for yourself. OEC's speed has never been an issue for me.

Originally Posted by n00btrader »

3. What do you pay as negotiated commission rate? Cheaper to go through an IB? Which one?

What each trader pays is negotiable and is a function of the size being traded. I do not know if it's cheaper through an IB as I trade directly through OEC.

Originally Posted by n00btrader »

4. Does it manage positions overnight/maintain GTC stops?

You can manage overnight positions through the software.

Originally Posted by n00btrader »

5. Can you define multiple custom OCO bracket order settings and save them, like NinjaTrader ATM strategies?

I do not use the custom OCO thing in OEC trader, but there is a very nice custom order designer w/in the software.

Originally Posted by n00btrader »

6. Their site says orders are held server side. So is it not direct market access then since orders are routed to their servers first, before going to the exchanges? How much delay does this induce?

You will not notice any delay on your orders. This also means that if YOUR computer goes down, your orders are still out there which is a huge thing for me personally. If my computer or internet goes down, my exit orders are out there.

Originally Posted by n00btrader »

7. Is the demo account, live market data? I compared what they list as GCL to CL on TOS, I assume they are the same CL contract, and the OEC qoutes were off?

I believe demo is live data but there could be some nuisances with it. You'll have to contact OEC directly to see why the demo data could be off from another vendor. The best comparison is live data to live data. Demo is there to play with and test things out.

Originally Posted by n00btrader »

8. Can you use their market replay type feature if you haven't recorded the market session you want to replay yourself, ie can you download the replay data from them, like you can on Ninja and TOS? Can you trade this market replay?
Thanks!

No idea on this as I don't use market replay. Maybe someone else can chime in that uses this feature.

[Moyyim]

6. Their site says orders are held server side. So is it not direct market access then since orders are routed to their servers first, before going to the exchanges? How much delay does this induce?

Not noticed any delay. Its important for me orders are server side and worth checking with any broker. I'd note that "bracket orders" using the "Strategy Order Builder" are held on the clients PC. I dont use the S.O.B so not an issue for me.

7. Is the demo account, live market data? I compared what they list as GCL to CL on TOS, I assume they are the same CL contract, and the OEC qoutes were off?

Are you comparing OEC demo to live TOS ?...I believe the TOS demo is delayed data

[n00btrader]

Originally Posted by brownsfan019 »

IYou can manage overnight positions through the software.

Originally Posted by Moyyim »

Not noticed any delay. Its important for me orders are server side and worth checking with any broker. I'd note that "bracket orders" using the "Strategy Order Builder" are held on the clients PC. I dont use the S.O.B so not an issue for me.

Are you comparing OEC demo to live TOS ?...I believe the TOS demo is delayed data

Thanks for all the replies.

To clarify, on the overnight positions, is there a minimum account size needed, ie 25k, to get GTC stops that don't have to be re-entered after the close/re-open each day, like some futures day trading brokers, ie TransAct, do?

What is the point of server side orders if they are not available for OCO? My understanding is that with brokers that don't offer server side orders, any order other than the OCO bracket feature actually resides directly at the exchange. It is only OCO orders that reside client side anyway. I don't see the benefit here from server side orders over other brokers if its not available in OCO.

Yes, TOS live is my current charting platform and what I would compare to. I did not see OEC CL demo data match my TOS live data. Are there different live vs demo feeds with OEC?

[trader4]

Regarding your first question, which is the most important, I would definitely have a backup system, and plan on Open E Cry going down or having a connection disruption once a week. OEC rarely gives warning or acknowledgement when server issues are occuring. Questions regarding connection issues have been posted on message boards for the past few years. Normally company spokespeople will state it is your problem with your internet connection. OEC has positve aspects, but connectivity issues are not one of them. Just be aware that they will occur. This morning it happened to me all ready, not a major disruption, but the DOM went blank for a brief period. The firm, now owned by OPXS, should dedicate more funds to server and client support and remedy connection issues.

[brownsfan019]

Originally Posted by trader4 »

Regarding your first question, which is the most important, I would definitely have a backup system, and plan on Open E Cry going down or having a connection disruption once a week. OEC rarely gives warning or acknowledgement when server issues are occuring. Questions regarding connection issues have been posted on message boards for the past few years. Normally company spokespeople will state it is your problem with your internet connection. OEC has positve aspects, but connectivity issues are not one of them. Just be aware that they will occur. This morning it happened to me all ready, not a major disruption, but the DOM went blank for a brief period. The firm, now owned by OPXS, should dedicate more funds to server and client support and remedy connection issues.

WHAT? Once a week it's down?

No way. I am on this thing Mon-Fri and it has not been down in any recent memory.

Your statement is blatantly false and incredibly misleading.

[daedalus]

^+1


I've been with them almost a year now and i've only remembered them going down once in that time period.

But to put that in context for you previously I was with TradeStation and they would be down almost weekly at some points.

[trader4]

OEC was down for more than 15 minutes two weeks ago, and today it had been down since 11:30 AM EST – more than an hour. In no way is saying there are connectivity problems with Open E Cry false or misleading. If you work for Open E Cry recommend to OptionsXpress that they provide more server support or at the least provide alerts when connectivity issues are occurring. Open E Cry has many good aspects, but NO ONE should deny issues exist with connectivity. If someone is considering Open E Cry as a trading platform they should be aware that problems do occur, any attempt to deny this is fiducially irresponsible. It is more important that Open E Cry works to become a better platform than shirk accountability and jeopardize client funds.