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TF data with IB


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TF data with IB

  #1 (permalink)
AUSTRALIA
 
Experience: Beginner
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Posts: 5 since May 2010
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TF data with IB

Do I have to pay $75 to get real time TF data from IB ?

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  #2 (permalink)
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wayne6064 View Post
Do I have to pay $75 to get real time TF data from IB ?

If you are using any type of tick based bar type, like range, renko, tick, volume, etc, then you should really avoid IB data because it is not at all accurate. You would be better off using a third party data provider that can connect to your charting platform. For example, if using NinjaTrader - then look at IQFeed or Kinetick.

A couple of years ago Russell changed their policy and started charging for data on non-execution feeds. So your broker, like a Zen-Fire based brokerage as an example, should be able to give you TF data for free. But non-brokerage feeds have to charge for it.

No experience with IB in this regard, as I don't use IB data nor would I want to.

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  #3 (permalink)
Market Wizard
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wayne6064 View Post
Do I have to pay $75 to get real time TF data from IB ?

When the data fee was introduced there was a rebate of $ 74 offered on the $ 75 fee in case that you had traded at least one lot in the respective months. However, the rebate was cancelled in early 2012:

"Unfortunately, due to material changes in our agreement with the Intercontinental Exchange for dissemination of market data we are unable to offer the ICE/NYBOT feed for anything less than $ 75 dollars. I understand that you received a prior communication indicating a different pricing structure that would be available. We apologize for the lack of confusion and clarity in this particular situation, as indicated if you wish to have access to Futures Traded on the Intercontinental Exchange and New York Board of Trade it will cost $ 75 USD."

Meanwhile the fee has increased to $ 85. The fee is for real-time data only. As IB only transmits snapshot ticks, I do not think that it is worth spending the money. Better get you a decent data feed elsewhere, if you want to trade TF.

Kinetick had also offered data from ICE (including Russel 2000 and Brent Crude futures) prior to 2012. Meanwhile ICE data is no longer available via Kinetick.

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  #4 (permalink)
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You can also get TF for free from execution-only feeds like Zen Fire, for example Mirus Futures.

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  #5 (permalink)
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If you are unhappy with the TF on ICE you can contact the owner of the Russell index here: Contact Russell Indexes | Russell Investments

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