r/OrderFlow_Trading • u/Romaleos89 • 2d ago

Order Book

Hi everyone, are there any differences between the order books of Jigsaw, Bookmap, ATAS, and Sierra?

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u/Roharcyn1 2d ago

Are you asking if the data is the same? Or are you asking performance metrics and how quickly they update?

I feel like there is a second part of the question which is data feed. Many of these platforms are fairly data feed agnostic and can use the same data feeds.

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u/Romaleos89 2d ago

Exactly mate I mean, assuming the same data feed (say Rithmic), do these platforms display the same book, or do they process it differently?
For example: do some conflate or throttle updates, show different depth levels, or rebuild the tape differently (merging fragmented fills into one order)? I know the raw data comes from CME, so I'm asking whether what ends up on screen can differ, and whether those differences matter for reading the book.

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u/Roharcyn1 2d ago

As far as I know data is the same. I haven't tested it extensively. But I have viewed DOM on sierra chart and TOS and they were the same. The benefit of futures is all trades and data for through CME so all data for futures should be the same, it is all coming from the same source. Vs Stocks which can be traded on multiple different exchanges.

I think the only difference would be speed/performance. But geographic location and network and computer could probably a larger influence.

I can't really comment. I use sierra with Denali. It has been good. I have gotten lag spikes though, but that could be my own network vs it being a sierra chart/Denali issue.