CTP's second seat basically only has the function of placing an order and reporting a refund. Its advantage is that the transaction delay will be relatively low, and it is more suitable for investors who require higher transaction speed to choose CTP. However, because there is no deposit and withdrawal, settlement and other functions. Compared with CTP chairman, it is not so convenient. The second seat usually has a threshold, and there are certain requirements for the amount of funds and the frequency of transactions. This is the legendary "Zhangjiang Computer Room"
Investors can only choose one trading seat when trading futures. Investors who are not very demanding on trading speed generally choose to use CTP chairman, which will be more convenient when trading; Investors who require higher transaction speed can consider using CTP second seat.
To put it simply: the trading strategy is mature, using high-frequency programming, but there are requirements for funds and trading volume. After all, resources are limited. General customers can use the chairman directly, and there is no need to be too entangled. Please choose your own seat when trading, otherwise you will be prompted with the wrong login password and other issues.
Compared with the second chair, CTP chair has more complete functions. CTP chairman has three functions of CTP, which can be used not only for trading, but also for settlement and deposit and withdrawal. However, the chairman of CTP only has the function of trading, and can't deposit and withdraw money and settle accounts through the chairman of CTP. If you need to deposit and withdraw money and settle accounts, you must switch to CTP chairman. Because CTP chairman has relatively few functions, his trading speed will be faster than CTP chairman's. There is no difference between the two seats. As long as you look at the trader's own trading needs, if you pursue low delay, then CTP II can better meet the requirements. If the transaction speed is not high, the more comprehensive function of CTP chairman is more suitable.
How to switch freely between CTP chairman and second in command?
Generally, there is no special requirement for customers after futures account, and the default seat given to customers by futures companies is the chairman of CTP. If a new customer needs to use the secondary seat of CTP (the futures company that has opened an account needs to be consulted for specific account opening conditions) to switch between the CTP chairman and the secondary seat, after opening an account, he needs to apply to the futures company that has opened an account for a futures company switching counter, and then the CTP chairman and the secondary seat can be switched.