Ironbeam is a longstanding partner with Rithmic to offer the full suite of Rithmic futures trading products.
Whether you are part of a prop shop or are a professional trader, Rithmic’s trade execution software delivers to you the low latency and high throughput performance formerly seen only by the very large trading houses and boutique hedge funds.
R | Trader is Rithmic’s front end futures trading and real-time risk management screen. With R | Trader you can view quotes, trades, market depth and option strikes in real-time. You can place, modify and cancel orders, and view order history, performance, positions and risk limits. The R | Trader futures trading platform supports trailing stops, brackets, OCOs and group orders.
R | Trader Pro is R | Trader with charts and a real-time interface to and from Microsoft Office Excel. In addition to all the functionality of R | Trader, with R | Trader Pro you can view about 100 studies and stream them in real-time into Microsoft Office Excel spreadsheets. With the power of Excel, you may develop your own indicators and, using Rithmic’s two way real-time interface, you may configure trades to be sent back into R | Trade Execution Platform through R | Trader Pro, automatically or with the click of a button.
R | BASS is the ultimate scalping tool. R | BASS looks for the spread between a symbol’s best bid price and best ask price to widen by a set number of ticks and then inserts a new bid and a new offer at one tick better. You configure the spread and you can set the trade to begin and end at specified times. R | BASS is the ultimate Bid Ask Spread Scalper.
R | Criss Cros places an opposite order for a symbol at a specified profit target when it detects a fill. You choose the symbol and you specify the profit target. When R | Criss CrosS detects a buy fill, it submits a sell order a few ticks above it. When it detects a sell fill, it submits a buy order a few ticks below it. You configure how many ticks. From receipt of the fill message to just after submission to the exchange R | Criss Cros generally takes less than 250 microseconds. For a market that is trading in a narrow range, nothing beats R | Criss Cross.
R | API is a collection of software libraries and interface definitions that developers and screen designers incorporate into their proprietary software to gain access to R | Trade Execution Platform. R | API+ provides its callers with a normalized view of market data and reference data and of order and execution reports across all supported exchanges. Timestamps are provided with the granularity set by their source : microseconds respecting market data receipt and order submission by R | Trade Execution Platform and milliseconds to nanoseconds as published by the exchanges.
R | Diamond API is R | API+ but with access to R | Trade Execution Platform’s ultra-low latency and high frequency trading capabilities. R | Diamond API contains R | API+ but also enables its caller to connect directly to Rithmic’s exchange facing gateways and to connect to Rithmic’s market data handlers.
Traders using Diamond Programs realize transit times (the time just before market data is read until the time just after an order is released to an exchange based upon that reading of market data) of less than 250 microseconds (actual times vary and are generally faster).
