Discount Trading supports Teton Order Routing - Sierra Chart's own native routing solution. Built from the ground up by the Sierra Chart engineering team, Teton eliminates third-party intermediaries to deliver direct-to-exchange connectivity with no routing fees.
The only routing solution built natively inside Sierra Chart - no translation layer, no extra fees, no middlemen.
Teton charges no per-contract routing fees and no monthly API connection fees.
Teton delivers direct-to-exchange connectivity with documented latency typically under 500 microseconds - on par with or faster than most third-party routing solutions.
Because Teton is built natively by Sierra Chart, the platform and routing engine share the same code. There is no translation layer between your order and the exchange.
Discount Trading offers ultra-low day trading futures marginsiLeverage can work for you as well as against you - it magnifies gains as well as losses. for Sierra Chart users trading through Teton - a cost-effective, low-overhead setup for active traders.
Teton works alongside Sierra Chart's own Denali Exchange Data feed - a unified pipeline for real-time and historical market data with no third-party bridge required.
Teton includes server-side risk controls including daily loss limits, position limits, and drawdown parameters - protecting your account even if your computer disconnects.
OCO and bracket orders are managed server-side, meaning they remain active and protected at the exchange level regardless of your local platform connection.
Teton supports order routing for both outright futures and calendar spreads across the major CME Group exchanges - CME, CBOT, NYMEX, and COMEX.
Teton is Sierra Chart's own proprietary order routing service - built entirely in-house by the Sierra Chart engineering team. It was created to give Sierra Chart users a single, integrated solution for charting, data, and order routing that does not depend on third-party providers like Rithmic or CQG.
Named after Grand Teton - the highest peak in the Teton Range of Grand Teton National Park - Teton was designed with a simple goal: deliver a high-quality, reliable, low-cost routing experience for Sierra Chart users. The result is a routing service where the platform and the execution engine are developed together using the same proprietary code, eliminating the compatibility issues and latency overhead that come with external API integrations.
Teton is not a standalone platform - it is specifically designed for use within Sierra Chart. If you are a Sierra Chart user, Teton is the most seamless and cost-efficient routing option available.
Fill out account forms on Discount Trading. Tell your representative you want Teton Order Routing enabled.
Send funds via Plaid ACH, wire transfer, or check. Your account is activated once funded.
Discount Trading and your clearing firm will configure Teton for your Sierra Chart account. You will need your Sierra Chart username from Help > About.
Connect Sierra Chart to Teton and the Denali data feed - and you are live. No separate API subscriptions required.
Note: To use Teton, you must have a Sierra Chart package 10 or higher subscription. Discount Trading's team can walk you through the complete setup process - open an account and we will handle the rest.
Discount Trading offers all three routing options, and the right choice depends on your platform preferences and trading style. Here is a straightforward comparison:
| Feature | Teton | Rithmic | CQG |
|---|---|---|---|
| Platform | Sierra Chart only | 18+ platforms | CQG platforms + API |
| Connection Fee | None | $25/mo | Inquire |
| Latency | <500 microseconds | <1 millisecond | Microsecond (Gateway 5.0) |
| Data Feed | Denali (Sierra Chart) | Rithmic MBO | 75+ consolidated sources |
| 3rd Party Platforms | No | Yes - 18+ | Yes - via API |
| Options on Futures | Not supported | Yes | Yes |
| Best For | Sierra Chart purists | Multi-platform traders | Native CQG Platforms or Others |
If you are committed to Sierra Chart and want the most cost-efficient setup with no monthly routing fee, Teton is the clear choice. If you want the flexibility to use multiple platforms or need options routing, Rithmic or CQG may be a better fit. Our team is happy to help you decide - just reach out.
Denali is Sierra Chart's own market data feed, developed in-house alongside Teton as a fully integrated data and routing pipeline. It provides real-time streaming data and historical intraday data for all major CME Group exchanges - CME, CBOT, NYMEX, and COMEX.
Because Denali and Teton are both built by Sierra Chart and share the same underlying infrastructure, they work as a single unified pipeline. Your data and your orders flow through the same system without any third-party bridge, reducing the technical complexity and potential failure points that come with mixing multiple external providers.
How CME fees work with Denali: Denali is the delivery technology, but CME market data fees are pass-through costs billed directly via your Sierra Chart Services Balance. These are the same exchange fees you would pay with any other data provider.
Teton currently supports live futures trading on the following exchanges:
Teton supports all standard futures order types except Market if Touched. Supported order types include market, limit, stop, stop-limit, OCO, and bracket orders - all managed server-side for maximum reliability.
Note: Options on futures are not currently supported through Teton. Simulated trading is handled through Sierra Chart's built-in Trade Simulation Mode rather than through the Teton connection itself.
Most futures routing solutions charge a monthly connection fee - typically $25 per month - just to keep the routing link active between your platform and the exchange. With Teton, there is no such fee. Teton has no monthly fixed routing fee and no per-transaction routing fee. This is believed to be an industry first for a direct-to-exchange routing service of this quality.
You still pay standard commissions, exchange fees, clearing fees, and regulatory fees on every trade - those are unavoidable costs of futures trading with any broker. But the routing layer itself costs you nothing extra each month. For active traders making dozens of round trips per day, eliminating even a $25 monthly fee is a meaningful reduction in overhead - and Teton delivers it without sacrificing speed or reliability.
Teton includes a robust set of risk controls that operate at the server level - meaning they remain active even if your platform disconnects or your computer goes offline. Discount Trading and your clearing firm can configure parameters including:
This level of built-in risk management makes Teton particularly well-suited for active day traders who want strong automated protections without relying on client-side software to enforce them.
No monthly API fees. No per-contract routing charges. Teton is included with Sierra Chart package 10 or higher - making it one of the lowest total-cost routing solutions available for futures traders.
Teton and Sierra Chart share the same codebase. There is no translation layer, no external API bridge, and no compatibility issues - just a clean, direct connection between your charts and the exchange.
Pair Teton routing with Sierra Chart's Denali data feed for a fully self-contained, natively integrated data and execution environment. One provider, one infrastructure, zero middleware.
Risk limits, OCO orders, and bracket orders all live on Teton's servers - not your computer. Your positions are protected even if your internet drops or your machine goes offline.
Discount Trading pairs Teton's no-fee routing with some of the lowest day trading futures margins availableiLeverage can work for you as well as against you - it magnifies gains as well as losses. - giving Sierra Chart traders an exceptionally cost-efficient complete trading setup.
If Sierra Chart is your platform of choice, Teton is the routing solution it was designed for. The two were built together and work together - no configuration friction, no third-party dependencies.
Teton Order Routing - Ultra-Low Day Trading Margins - Competitive Commissions - 25+ Years Helping Traders
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