Connection to Rithmic
Rithmic technology provides access for trading futures and options on CME, CBOT, NYMEX and other exchanges. Full market depth, reliable data and great execution are main features of Rithmic.
Last updated
Rithmic technology provides access for trading futures and options on CME, CBOT, NYMEX and other exchanges. Full market depth, reliable data and great execution are main features of Rithmic.
Last updated
To connect Quantower to a broker that uses Rithmic technology, it is sufficient to have (or create a new) account.
Download and install R Trader Pro from Rithmic official website.
Open the connection manager, select Rithmic and enter your credentials. Make sure that you've selected the correct server. By default, the Rithmic Paper Chicago server is set for demo accounts and the Rithmic Aurora Chicago server is set for real accounts.
{Optionaly} Click on Connection Settings and activate Use RTrader option to avoid additional fees for subscription to market data. Below, you can find more information on how to connect and trade with an account via Plugin Mode.
Enter your login and password and click Connect.
Starting from May 1, the CME exchange сhanged the rules for determining a professional market participant, and as a result, increased the fee for the market data. To correctly define the professional participant, Ritmic has changed the connection parameters in their platform, as well as in API for platforms such as Quantower.
To avoid additional fees for subscription to market data, a trader needs to login through the R Trader Pro platform and activate the setting in Quantower, which is called Use RTrader.
Create a new demo or open a real account with any broker supporting Rithmic technology, accept agreements, and start using our platform.
To register Rithmic Demo go to their official website or follow this link
Fill in all the required fields
Accept "Market Data Subscription Agreement" and "Market Data Self-Certification"
The account will be activated within 30-60 minutes.
Please keep in mind that connecting to Rithmic using the plugin mode requires the following steps:
RtraderPro platform must be installed and running on your computer.
RtraderPro platform must be enabled in the Plugin mode and use the same credentials and server as in Quantower.
Quantower must also be enabled in the Plugin mode and use the same Rithmic credentials and server.
The first step is to launch the RtraderPro platform with Plugin mode. Once you've successfully logged in there, you can then connect using the Quantower platform.
Make sure your firewall is not blocking the connection from Quantower to RtraderPro.
Also, note that the Plugin Mode allows you to connect multiple different platforms simultaneously using the same Rithmic credentials.
Market by Order (MBO) data shows the order size of an individual position inside the level2 data for a certain price. To activate the displaying of this data, open the Connection settings and tick on "Enable 'Market by Order' (MBO) mode".
After activation, you can see this data in the DOM Trader panel.
Open Settings in the DOM trader panel -> Columns -> Bids/Ask (if you use split mode or Bids and Asks as single columns) -> Size coloring scheme -> MBO. Also, you can set Filter orders more than (MBO) if you want to see orders with a certain size.
Below is a link where we've outlined the most common mistakes our users might encounter when working with Rithmic servers. This includes both the original Rithmic servers and those accessed through various broker companies. Link to Rithmic Issues.
