ScalpTool powered by Rithmic Data Technology is a front end platform option optimized to take advantage of Rithmic‘s speed and reliability as required by professional scalpers. ScalpTool allows you to analyze and understand the market using innovative indicators and unique analysis capabilities. Server co-location is available for ScalpTool users.
ScalpTool is a modular multi-market platform scalable to meet each trader’s need and optimized to leverage Rithmic‘s speed and reliability. The unique ScalpTool DOM delivers a dynamic order management beneficial to scalp traders.
ScalpTool Monthly Fee
- 1 Month – €49
- 3 Month – €144
- 6 Month – €270
- 12 Month – €480
Data Technology Fee
- Rithmic – $20/Month + $0.25/Contract
The euSpeed team specializes in developing custom high frequency algo-trading applications and systems based on server side technology. View Introductory Video.
euSpeed offers services designed for personal traders and institutions. ScalpTool is a modular multi-market platform scalable to fit customer needs. This solution provides efficient access to markets leveraging existing channels and market users and can be calibrated meet each trader’s needs.
ScalpTool Trading Features
The unique ScalpTool DOM delivers a dynamic approach to order management beneficial to scalp traders. It features high performance analysis, flexible and fast graphic levels, and automated trading capabilities.
Priority of orders in the DOM: ScalpTool helps traders manage the priority of orders in the market. Users can check the number of orders that were placed before and after their order to clearly interpret the position of your order in the book.
The TMF allows the user to observe other investor’s trends and levels. A second Time & Sales called Time & Sales MF is also available which displays the actual order quantity. Unlike the traditional Time & Sales (with executed contracts, price and time of the filled orders), the Time & Sales MF also has a column “Order.” This shows the actual order that is passed through the market which may be identical or higher to the filled one. This information can be used to identify a trending market, high frequency trading systems in bursts, and market reversals.
Buy & Sell is an indicator used to understand and follow the prevailing market trend. The indicator is computed in a chosen time frame if purchases were higher than sales, or vice versa, representing their difference with consideration to iceberg orders as significant forces in play.
The Market Review feature of ScalpTool allows you to relive all aspects of the market as if it were taking place in real-time. This feature allows traders to test MarketQuotes and an operational strategy when markets are closed. The simulation reflects priorities and challenges of the real-time market environment.
Users are able to run two instances of ScalpTool simultaneously with one instance tied to a live account and another in simulation.