Cannon Trading / Ninjatrader experience?

[DeskTroll]

Wondering if anyone has experience using NT at Cannon Trading? Ready to throw in the towel waiting for acceptable Mirus resolution.

[steve0617]

Wondering if anyone has experience using NT at Cannon Trading? Ready to throw in the towel waiting for acceptable Mirus resolution.

I am demoing them on NT via Rithmic clearing through Vision (who, I'll admit, scares me a little as an FCM). Connected first time to their SIM without any problems. Have been trading my method with it this morning and it seems fine. Quick fills, DOM matches charts (I use Tradestation for charts). Just like ZenFire worked.

However, like I said, only reason I wouldn't go with them as of right now is the clearing through Vision.

http://www.cftc.gov/PressRoom/PressReleases/pr6714-13

They were just fined some decent size money for allegedly not segregating funds correctly.

I'm an ex MF Global customer so segregated funds fines are a big flag for me.

[glennts]

DirectDiscountTrading clears with Crossland and they are now authorized to offer an NT / Rithmic combination. I too have reservation re Vision and will be going with DDT. They have a higher balance requirement of $2000 as opposed to other IB's that will let you run down to $500. I suspect this is a result of their being a Guaranteed IB. You can look up the distinction on the NFA site.

[steve0617]

DirectDiscountTrading clears with Crossland and they are now authorized to offer an NT / Rithmic combination. I too have reservation re Vision and will be going with DDT. They have a higher balance requirement of $2000 as opposed to other IB's that will let you run down to $500. I suspect this is a result of their being a Guaranteed IB. You can look up the distinction on the NFA site.

I've been talking to Crossland directly. Kind of thinking that I want out of the IB world and go directly to the FCMs.