Data feeds and execution - CQG, Rithmic, Tradovate (and more?) - futures io
futures io futures trading

Data feeds and execution - CQG, Rithmic, Tradovate (and more?)

Discussion in Brokers

Updated by grayfrog
      Top Posters
    1. looks_one ales19 with 5 posts (3 thanks)
    2. looks_two matthew28 with 2 posts (3 thanks)
    3. looks_3 bobwest with 1 posts (2 thanks)
    4. looks_4 tr8er with 1 posts (1 thanks)
      Best Posters
    1. looks_one bobwest with 2.0 thanks per post
    2. looks_two matthew28 with 1.5 thanks per post
    3. looks_3 tr8er with 1.0 thanks per post
    4. looks_4 ales19 with 0.6 thanks per post
    1. trending_up 2,722 views
    2. thumb_up 9 thanks given
    3. group 4 followers
    1. forum 10 replies
    2. attach_file 0 attachments

Welcome to futures io: the largest futures trading community on the planet, with well over 100,000 members
  • 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 and simple.

-- Big Mike, Site Administrator

(If you already have an account, login at the top of the page)

Search this Thread

Data feeds and execution - CQG, Rithmic, Tradovate (and more?)

(login for full post details)
  #11 (permalink)
Los Angeles, CA
Experience: Advanced
Posts: 39 since Nov 2019
Thanks: 42 given, 3 received

ales19 View Post
Hello, this is my first post here (excluding intro) so hopefully I will not mess up too badly and break too many rules
I have searched the forums and read the threads on the topic I am going to ask about but the info I found was not sufficient for me to get a clear understanding, so here it goes:

I am basically trying to determine the best data feed to use when I go back to trading live and I am trying to get my head around the different facets I need to consider to select the best solution for me. To give context I am focused on scalping and have no automation/algo involved (except an automated stop loss and take profit order entered by my trading platform upon execution). I use Jigsaw Daytradr.

So far I am considering the following 3 data feed providers (CQG, Rithmic, Tradovate) and this is what I found out about them so far:

CQG: solid all-round solution with cheap round-turn fees of $0.20, shows 10 price levels and 1 month of historic tick data, can suffer lags/freezes when market spikes occur, like after a Trump tweet or news event
Rithmic: highly reliable but "expensive" solution at $0.50 round-turn fees, shows entire order book (20+ price levels) but only 1 day of historic tick data, performs great even under high data flows due to news events.
Tradovate: cheapest solution if monthly $199 flat fee adopted (only exchange, clearing and routing fees owed), shows 10 price levels and 2 weeks of historic tick data (as far as I can tell), reliability in high data flows due to news events is unknown

So, from a price point of view Tradovate seems to be the best, however I do not know how they hold up as far as reliability goes.
I know there are other providers like TT, CTS, IQ but they all seemed more expensive without offering any advantage from what I could tell.

Also, I am unclear how execution is affected by the choice of data feed provider?

Any help sorting this out (and correcting any mistakes I made above) would be greatly appreciated.

This is a great post. Thank you for such an articulate and well laid out question with good prompts. I look forward to reading the responses.

Reply With Quote


futures io Trading Community Trading Reviews and Vendors Brokers > Data feeds and execution - CQG, Rithmic, Tradovate (and more?)

May 23, 2020

Upcoming Webinars and Events

Every journal equals ten meals for the hungry


Copyright © 2020 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432,
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts