Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
In IB webpage, it says "
While IB can serve as this provider for real time prices, these prices are not provided on an unfiltered tick-by-tick basis, a prerequisite for fully populating Ninja Trader charts. A common setup therefore, is to use Ninja Trader as a front-end order entry platform, routing orders to the TWS for execution and clearing by IB and bridge to a third-party vendor for market data"
For an instrument such as ES, I am wondering if the price from IB and a third-party vendor such as CQG are equal if we use CQG for market data and send/cancel order to IB.
For example, if we send market order from CQG, will the price in the market order from CQG is equal to that in IB?
If not, how can we deal with this problem?
Thanks.
Can you help answer these questions from other members on NexusFi?
CQG is a data vendor, IB a broker.
If you place your order with IB, it is placed at the CME.
The CME prices are binding for both - only that IB data don't show all the ticks.
IB is data vendor too. It provides second-based historical data, such as 1 second, 1 minute, 1 hour, 1 day etc, but no tick-to-tick historical data.
Do you mean the two prices from the IB and CQG will be equal at the same time because they come from CME both?
There is no spread between IB and CQG, isn't it?
If so, that would solve my problem. I can send market order to IB if there is an entry in CQG and I don't need to worry about the spread between IB and CQG.
For a market order at IB you get the price of a market order at the CME at that moment.
After the fill, CQG surely shows this trade because it's tick-by-tick.
IB also shows the same trade with the correct price for the fill to you, but it doesn't necessarily
show up in the IB T&S "for all" since IB isn't tick-by-tick.
As long as you ignore the fact that market orders are usually part of larger fills than the IB share and you don't need
correct volume data, you are right.
I am also trying to find out how to get up to one day ago tick data on main futures through an IB account, but I have not fond a simple solution.
Maybe what is described here Capturing Tick Data via C#, [AUTOLINK]Interactive Brokers[/AUTOLINK], and MySQL | R-bloggers
could do the work, but it looks too complex for my simple programming skills.
My goal would then be using these tick data with NT7 and NT8.
Any helpful suggestion please?
GT
