RT mkt data feed required? | Traders Hideout


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RT mkt data feed required?

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Market Wizard
Wiltshire, United Kingdom
 
Trading Experience: Beginner
Platform: Jigsaw daytradr
Favorite Futures: US Equity Index Futures
 
matthew28's Avatar
 
Posts: 694 since Sep 2013
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You don't need a separate feed. You can just use the broker feed for your charts. An independent feed from a data company is good if you want extensive historical data for back testing but otherwise the historical data from a broker is enough for most people.
An exception would be the odd broker that bundles their data (such as Interactive Brokers I believe), so that it isn't any good for analysing accurately volume trading on the Bid or Offer, if you want to use footprint charts or Depths of Markets, DOMs, that split the prints; then a separate accurate data feed would be required.
As you say though that you are considering IQFeed, not that you already have it, you could save yourself a couple of hundred Dollars a month by considering whether you actually need it or if the broker feed will be perfectly fine for your needs.

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