[Tams]

Originally Posted by Tradewinds »

I never heard of Trading Technologies until this thread, ....

if you have ever used a DOM for trading,
you might have wondered why nobody could make the DOM automatically centering the current price in the middle of the ladder --- that's because TT holds the patent to the "technology". They made everybody pay up a royalty fee, or remove the auto-centering feature from their DOM. I don't believe the auto-centering feature is such a ground breaking invention that deserves a patent, but the US patent office thinks differently and awarded them the patent.

[Tradewinds]

Originally Posted by Tams »

you might have wondered why nobody could make the DOM automatically centering the current price in the middle of the ladder --- that's because TT holds the patent to the "technology". They made everybody pay up a royalty fee, or remove the auto-centering feature from their DOM. I don't believe the auto-centering feature is such a ground breaking invention that deserves a patent, but the US patent office thinks differently and awarded them the patent.

I hate DOM centering! I click the ladder to enter an order, and the DOM centers. If I immediately click to enter a second order, and the ladder has moved, I have no idea what price my second order is going to be entered at.

Should we start a class action lawsuit?

[pbylina]

Originally Posted by Tams »

if you have ever used a DOM for trading,
you might have wondered why nobody could make the DOM automatically centering the current price in the middle of the ladder --- that's because TT holds the patent to the "technology". They made everybody pay up a royalty fee, or remove the auto-centering feature from their DOM. I don't believe the auto-centering feature is such a ground breaking invention that deserves a patent, but the US patent office thinks differently and awarded them the patent.

Doesnt Ninja have this option? I have been using the Static mode of the DOM, where the Bid/asks go up and down the price ladder. But they also have a Dynamic mode where the price goes up and down but the bid/ask stays in place. TT and Ninja made the deal in 2005.

NinjaTrader Trading Technologies Agreement Announcement - NinjaTrader Support Forum

[pbylina]

Originally Posted by pbylina »

Whats so good about TT MD Trader? I see so many Pros using it. Why not just use NinjaTrader SuperDom with Time and Sales? Thanks.

Through some experience with Tape reading using NT SuperDome/Time and sales and then comparing it to TT MD Trader, I think I now know the answer.(to my own question. )

In tape reading, when looking at the time and sales, we are looking at the flow of orders. Fast flow means a lot of orders got filled and slow flow means less orders got filled.

The problem is this:
What if 200 orders print at once? Whats it going to look like on the time and sales?
Answer: Its going to be fast flowing tape.

What if 400 orders print at once? Whats it going to look like on the time and sales?
Answer: Its going to be fast flowing tape.

You see what the problem is? You dont really know how much orders printed. It could be 200 or it could be 400 orders. .All you see is the speed. Were basically just GUESSING how much orders printed. But this is very important information that the time and sales/ Dom setup is missing.

TT MD Trader has this information. Its a box next to the bid/ask that shows EXACTLY how much printed at the bid or ask. No guessing! But also the location of this box is very helpful. All the information is in one spot. You dont have to look at the tape then the dom, then the tape then the dom, back and forth.

Basically, TT combined the Time and Sales and DOM together in a very efficient manner. So efficiently that they can charge $650/month.