Is IQFeed really needed when having Rithmic? | Reviews of Brokers and Data Feeds


futures.io - futures trading strategies, market news, trading charts and platforms


Reviews of Brokers and Data Feeds


Review and discuss futures brokers, their requirements and features, or ask questions about brokers and data feeds




 

Is IQFeed really needed when having Rithmic?

  #5 (permalink)

Market Wizard
Boca Raton
 
Trading Experience: Advanced
Platform: Variety
Broker/Data: Optimus Futures, LLC
Favorite Futures: Futures
 
mattz's Avatar
 
Posts: 2,415 since Sep 2010
Thanks: 2,344 given, 3,570 received


Big Mike View Post
Rithmic is an execution feed, not a true data feed. There is no historical data for example. IQFeed is a complete data feed, which includes hundreds of breadth tickers and many exchanges and products not available with Rithmic.

Mike

Rithmic is first and foremost a complete data-feed.

Data-feed comes from the exchange's TickerPlant.
Part of Rithmic's technology is based upon taking all the data that the exchanges (CME, ICE, etc) distrbibute via the TickerPlanet and delivering it to your platform in a concise unfiltered manner that fuels the input for your charts, quotas, Market Profile, etc.

Each data-feed also contains OrderPlant which is a set of program that provide you with the ability to route orders to execute on the exchanges. It includes, authentication of users, authorization, order management modules, exchange submission, and execution reports.

Rithmic does provide three months only, so IQ Feed would be a great complement to those who need longer history for the purpose of trading a given methodology. The breath indicators are a plus to those who utilize such tools.

Matt

There is a risk of loss in futures trading. Past performance is not indicative of future results.

PM with any questions about optimusfutures (800) 771-6748 (561) 367 8686. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.
Reply With Quote
The following 3 users say Thank You to mattz for this post: