NexusFi: Find Your Edge


Home Menu

 





Cannon Trading Company


Discussion in Brokers

Updated
      Top Posters
    1. looks_one CannonTrading with 25 posts (15 thanks)
    2. looks_two Big Mike with 7 posts (8 thanks)
    3. looks_3 andorre with 3 posts (0 thanks)
    4. looks_4 tturner86 with 3 posts (2 thanks)
      Best Posters
    1. looks_one perryg with 4.5 thanks per post
    2. looks_two DavidHP with 2 thanks per post
    3. looks_3 Big Mike with 1.1 thanks per post
    4. looks_4 CannonTrading with 0.6 thanks per post
    1. trending_up 37,877 views
    2. thumb_up 50 thanks given
    3. group 20 followers
    1. forum 64 posts
    2. attach_file 2 attachments




 
Search this Thread

Cannon Trading Company

  #31 (permalink)
 
CannonTrading's Avatar
 CannonTrading   is a Vendor
 
Posts: 216 since Mar 2013
Thanks Given: 77
Thanks Received: 183

Rollover Notice for Stock Index Futures

Important notice: For those of you trading any stock index futures contracts, i.e., the E-mini S&P, E-mini NASDAQ, E-mini Dow Jones, the “Big” pit-traded S&P 500, etc., it is extremely important to remember that tomorrow, Thursday, March13th, is rollover day.

Starting March13th, the June 2014 futures contracts will be the front month contracts. It is recommended that all new positions be placed in the June 2014 contract as of March 13th. Volume in the March 2014 contracts will begin to drop off until its expiration on Friday March 21st.

The month code for June is M4.

Traders with electronic trading software should make sure that defaults reflect the proper contract as of Thursday morning.

Please close any open March Currency positions by the close on Friday the 14th.

Should you have any further question please contact your broker.



Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

PM with any questions about Cannon Trading (800) 454-9572 (310) 859-9572. Trading commodity futures, forex and options involves substantial risk of loss. The recommendations contained in this post are of opinion only and do not guarantee any profits. These are risky markets and only risk capital should be used. Past performance is not necessarily indicative of future results.
Follow me on Twitter Reply With Quote

Can you help answer these questions
from other members on NexusFi?
Deepmoney LLM
Elite Quantitative GenAI/LLM
Are there any eval firms that allow you to sink to your …
Traders Hideout
The space time continuum and the dynamics of a financial …
Emini and Emicro Index
My NT8 Volume Profile Split by Asian/Euro/Open
NinjaTrader
Online prop firm The Funded Trader (TFT) going under?
Traders Hideout
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Get funded firms 2023/2024 - Any recommendations or word …
59 thanks
Funded Trader platforms
36 thanks
NexusFi site changelog and issues/problem reporting
25 thanks
The Program
20 thanks
GFIs1 1 DAX trade per day journal
19 thanks
  #32 (permalink)
 SigTrader 
Minnesota United States of America
 
Experience: Beginner
Platform: Looking at Ninja Trader and eSignal.
Trading: Stocks
Posts: 14 since Feb 2014
Thanks Given: 23
Thanks Received: 0

Good evening Ilanlm,

I am new here and to trading.

Is it possible to trade stocks with Cannon?

Thanks

Sig

Reply With Quote
  #33 (permalink)
 
CannonTrading's Avatar
 CannonTrading   is a Vendor
 
Posts: 216 since Mar 2013
Thanks Given: 77
Thanks Received: 183



SigTrader View Post
Good evening Ilanlm,

I am new here and to trading.

Is it possible to trade stocks with Cannon?

Thanks

Sig

Hello there,

No we do not offer stocks like microsoft, google etc. but you can trade the index as a whole using mini SP 500, mini Dow, mini NASDAQ etc.

PM with any questions about Cannon Trading (800) 454-9572 (310) 859-9572. Trading commodity futures, forex and options involves substantial risk of loss. The recommendations contained in this post are of opinion only and do not guarantee any profits. These are risky markets and only risk capital should be used. Past performance is not necessarily indicative of future results.
Follow me on Twitter Reply With Quote
  #34 (permalink)
 
tturner86's Avatar
 tturner86 
Portland, Oregon
 
Experience: Intermediate
Platform: F-16CM-40
Trading: GBU-39
Posts: 6,191 since Sep 2013
Thanks Given: 10,459
Thanks Received: 12,695

I cannot express how well the customer service is at Cannon. I had a DOM issue with an order just now, position was entered but not showing up on the DOM, Chart, or Position window in OEC. I called Cannon and with one ring I had my broker on the phone and was able to close the position. Heck even closed it with a profit.

Every time I have called Cannon they answer within 2-3 rings, in a serious situation like the above being able to reach your broker in time is an important matter.

Visit my NexusFi Trade Journal Reply With Quote
  #35 (permalink)
 andorre 
Cologne/Germany
 
Experience: Advanced
Platform: NinjaTrader
Trading: FDAX, YM
Posts: 41 since Oct 2011
Thanks Given: 17
Thanks Received: 9

Hi,

Can anyone say whether Cannon allows synthetic accounts?

Are the real time/historical data for FDAX/GC/CL etc. free?

Thanks.

Reply With Quote
  #36 (permalink)
 
CannonTrading's Avatar
 CannonTrading   is a Vendor
 
Posts: 216 since Mar 2013
Thanks Given: 77
Thanks Received: 183


andorre View Post
Hi,

Can anyone say whether Cannon allows synthetic accounts?

Are the real time/historical data for FDAX/GC/CL etc. free?

Thanks.

Hi There,

Can you explain a bit more what you mean by synthetic accounts?
We do offer historical data and it is free with MOST of our data feeds/ platforms for the contracts you mentioned but depending on specific platform you like to use and if you had an active account before March 1st 2014 I can give you specifics.

PM with any questions about Cannon Trading (800) 454-9572 (310) 859-9572. Trading commodity futures, forex and options involves substantial risk of loss. The recommendations contained in this post are of opinion only and do not guarantee any profits. These are risky markets and only risk capital should be used. Past performance is not necessarily indicative of future results.
Follow me on Twitter Reply With Quote
  #37 (permalink)
 andorre 
Cologne/Germany
 
Experience: Advanced
Platform: NinjaTrader
Trading: FDAX, YM
Posts: 41 since Oct 2011
Thanks Given: 17
Thanks Received: 9

Sorry for the late answer.

I would like to trade in two accounts separately & simultaneously.
But this should be possible with 1 basic account and two subaccounts=synthethic accounts.

I see that there is a limit of 5000$ below that there are larger fees, right?

Thanks.

Reply With Quote
  #38 (permalink)
 
CannonTrading's Avatar
 CannonTrading   is a Vendor
 
Posts: 216 since Mar 2013
Thanks Given: 77
Thanks Received: 183


andorre View Post
Sorry for the late answer.

I would like to trade in two accounts separately & simultaneously.
But this should be possible with 1 basic account and two subaccounts=synthethic accounts.

I see that there is a limit of 5000$ below that there are larger fees, right?

Thanks.

Yes we do offer sub accounts based on one main account and you can trade both of them from the same software.
Our min account size is $2600 but in order to have sub accounts we need at least $10,000 in the main account in order to enable trading on the subs.

PM with any questions about Cannon Trading (800) 454-9572 (310) 859-9572. Trading commodity futures, forex and options involves substantial risk of loss. The recommendations contained in this post are of opinion only and do not guarantee any profits. These are risky markets and only risk capital should be used. Past performance is not necessarily indicative of future results.
Follow me on Twitter Reply With Quote
  #39 (permalink)
CafeGrande
St Paul, MN, USA
 
Posts: 200 since Jan 2014
Thanks Given: 131
Thanks Received: 207

Cannon offers a lot of platforms, several FCMs, and on the surface, their commissions appear to be very competitive..

https://www.cannontrading.com/services/futures-trading-commission

...but does anyone know if they (their FCMs) are option-seller friendly? I spent a lot of time researching Advantage Futures and had a few conversations with a broker and then at the last minute he informed me that they're not really set up for option sellers, commissions would be far higher than stated on the website and margins would be something above SPAN minimums but he never got very specific. Same story with Crossland/Deep Discount Trading, although to his credit, Howard at DDT told me about Crossland's rules right away and it was clear they were not a good fit.

I know the average option selling account is not a big money maker for IBs and FCMs - the transaction count is going to be far lower than a futures day trader and it's a certainty there will be higher overnight capital requirements (on the part of the FCM) for weeks or months on end.

So, any surprises from Cannon? Are the commissions for option sellers close to what they show online? Do one or more of their FCM partners offer close to SPAN minimum margins?

Thanks!

Reply With Quote
  #40 (permalink)
 
DavidHP's Avatar
 DavidHP 
Isla Mujeres, MX
Legendary Market Wizard
 
Experience: Advanced
Platform: NinjaTrader
Broker: Ninjatrader / Optimus Futures / AmpFutures
Trading: ES / 6E / 6B / CL
Frequency: Every few days
Duration: Minutes
Posts: 1,609 since Aug 2009
Thanks Given: 11,328
Thanks Received: 2,743



CafeGrande View Post
...but does anyone know if they (their FCMs) are option-seller friendly? I spent a lot of time researching Advantage Futures and had a few conversations with a broker and then at the last minute he informed me that they're not really set up for option sellers, commissions would be far higher than stated on the website and margins would be something above SPAN minimums but he never got very specific. Same story with Crossland/Deep Discount Trading, although to his credit, Howard at DDT told me about Crossland's rules right away and it was clear they were not a good fit.

I've just opened a new trading account with them and I'm not sure of the answer but I'm sure @Ilanlm can answer your question. If he does not see this post, then PM him or call him. He has always been very helpful with my many questions.

Rejoice in the Thunderstorms of Life . . .
Knowing it's not about Clouds or Wind. . .
But Learning to Dance in the Rain ! ! !
Follow me on Twitter Reply With Quote
Thanked by:




Last Updated on September 18, 2019


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts