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Broker: Advantage, Trading Technologies, OptionsCity, IQ Feed
Trading: CL, NG
Posts: 1,038 since Jul 2010
Thanks Given: 1,713
Thanks Received: 3,863
Just to name a few, one of my favorite features of the DOMTrader is that you can have a study's value appear in the DOM ladder. This may not be a big deal for most but for my trading method, it's a big help. If you're trading more than one market, the DOM ladder has tabs at the top of the window that allow you to easily toggle between them. I guess your OE preference should really just come down to what you're looking to accomplish.
The Sierra DOM is pretty similar to NT, I like the ATM function.
My favorite Smart Order would probably be the Quantity Triggered Stop Orders. It allows you to set a threshold for the order queue level to execute the stop. This avoids getting stopped out if the level is not traded through (depending on your threshold value).
Interesting, I could see value in that. Can it hold the order until the depth is less than 'x' (risk of offer moving against you) and then submit? It seems this would have the advantage of saving you a tick.
That's what it does. Let's say you're long and have a stop at X. You can set the stop to trigger if the bid level quantity at X falls below a fixed amount. You can also use this function with trailing stops, which can be very useful.
For me, stability stands alone. I use what I use, first and foremost, because it has proven itself in that space. Now, stability aside, speedy data is of much less use if the software of which you use it with, can't paint it with speed to match. I don't wish to disclose how I trade on an open forum, but I can assure you, timely chart data is of use to many traders, and certainly it is of use to me. In the end, it's the end-user's decision what suits them best.
