Stepping Up from a
Broker or FCM API?
Traditional broker APIs and FCM order-routing platforms introduce abstraction layers between your strategy and CME – limiting control, restricting order types, conflating data, and adding latency at each hop. Here is what changes with direct CME access on Nanoconda.
Broker API vs. Nanoconda
Nanoconda Remote connects your existing FIX app or Sierra Chart. Nanoconda Colocated runs your strategy at the exchange.
| Broker API | Nanoconda Remote | Nanoconda Colocated | |
|---|---|---|---|
| Order-to-wire latency | ~1–10ms | <10µs FIX-to-CME | ~1µs |
| Exchange-native order types | Standard types; no Iceberg | ✓ | ✓ |
| Order-by-order book data (MBO) | – | L10 only | ✓ |
| In-memory pre-trade risk | Separate server | ✓ | ✓ |
| Real-time algo monitoring & kill switch | – | Kill switch | ✓ |
| Bespoke strategy logic & control | Web API only | Your FIX app or Sierra Chart | ✓ |
| Exchange colocation | – | Gateway in Aurora | ✓ |
| Per-order routing fee | Yes | $0 | $0 |
| Year-one cost | Heavy transaction fees | From $10,140 incl. 1 DCM data API | From $22,200 incl. 1 DCM data API |
Keep Your App, or Move to the Exchange
Already on FIX or Sierra Chart? Remote Trading ($595/month) connects it to CME through the Nanoconda gateway in Aurora – under 10 microseconds from FIX receipt to the CME matching engine, with no servers to manage.
Want your strategy running at the exchange? Colocated Essentials ($1,850/month) puts it on a dedicated core at CME Aurora colocation with full MBO data, fully managed.
Compare All Plans →Moving off a broker API?
Tell us what you run today – we'll show you what changes on direct CME access and which plan fits.