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CME market data Top of Book subscription is available
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CME market data Top of Book subscription is available

  #1 (permalink)
Just a boy
Auckland, New Zealand
 
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CME market data Top of Book subscription is available

CME market data subscriptions are now available at a 'Top of Book' level from Optimus Futures, Discount Futures and Commodity*Brokerage. E-Mini S&P Brokerage and AMP Trading.

I am told this is available right now for TTnet and Rithmic feeds with CQG following shortly.

I believe also Gain Capital/OEC offer this as well, and there maybe other brokers that I am unaware of.

A big thank you to @mattz who worked on my behalf with Amp Trading and @SierraChart (love my platform) to make this happen after I posted a message on the forum about my frustration that the industry was not offering this when CME has had it as one of the options ever since they introduced this market data feed. Whats more @mattz is not even my broker!!

This is not about penny pinching (in my view) although Top of Book (best bid/ask data and last trade data) is only $1 pm per exchange or $3 pm for the bundle of all CME exchanges vs. $5/$15 pm for the Level 2 subscription.

To me it is more about traders doing what they can to minimise future fee increases by helping CME avoid or defer costly IT infrastructure upgrades. I am convinced that a lot of retail traders do not use Level 2 data in their trading decisions and only have it on a DOM etc because they always have and it used to be free.

The way I look at it from a non technical perspective is that Level 2 data (with 10 levels above and below last trade) is requiring the exchanges to transmit about 22 sets of data vs 2 sets for Top of Book only. Now I am sure that sets of data is not a linear relationship to actual bandwidth/infrastructure required, but it is going to be somewhere near 10x the amount of data is being sent to a Level 2 subscriber vs a Top of Book one.

And for newbies, receiving Top of Book data only has no effect on tick, volume, range or other exotic charts and still provides all data required for delta and volume studies.

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  #2 (permalink)
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  #3 (permalink)
Energy futures Superfreak
charlotte nc
 
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i said the same thing when they first announced the fee raises. I mean, other than folks who are doing some sort of jigsaw scalping, who cares what lies are on the DOM.

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  #4 (permalink)
Market Wizard
Boca Raton
 
Futures Experience: Advanced
Platform: Variety
Broker/Data: Optimus Futures, LLC
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mattz's Avatar
 
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steve2222 View Post
CME market data subscriptions are now available at a 'Top of Book' level from Optimus Futures, Discount Futures and Commodity*Brokerage. E-Mini S&P Brokerage and AMP Trading.

I am told this is available right now for TTnet and Rithmic feeds with CQG following shortly.

I believe also Gain Capital/OEC offer this as well, and there maybe other brokers that I am unaware of.

A big thank you to @mattz who worked on my behalf with Amp Trading and @SierraChart (love my platform) to make this happen after I posted a message on the forum about my frustration that the industry was not offering this when CME has had it as one of the options ever since they introduced this market data feed. Whats more @mattz is not even my broker!!

This is not about penny pinching (in my view) although Top of Book (best bid/ask data and last trade data) is only $1 pm per exchange or $3 pm for the bundle of all CME exchanges vs. $5/$15 pm for the Level 2 subscription.

To me it is more about traders doing what they can to minimise future fee increases by helping CME avoid or defer costly IT infrastructure upgrades. I am convinced that a lot of retail traders do not use Level 2 data in their trading decisions and only have it on a DOM etc because they always have and it used to be free.

The way I look at it from a non technical perspective is that Level 2 data (with 10 levels above and below last trade) is requiring the exchanges to transmit about 22 sets of data vs 2 sets for Top of Book only. Now I am sure that sets of data is not a linear relationship to actual bandwidth/infrastructure required, but it is going to be somewhere near 10x the amount of data is being sent to a Level 2 subscriber vs a Top of Book one.

And for newbies, receiving Top of Book data only has no effect on tick, volume, range or other exotic charts and still provides all data required for delta and volume studies.

You are most welcome. I appreciate the kind words.
But what you started will be of great help to others as well. You paved a way to easy implementations of top of book.

Thanks,
Matt
Optimus Futures

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.
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  #5 (permalink)
Elite Member
Tulare, CA
 
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mattz View Post
You are most welcome. I appreciate the kind words.
But what you started will be of great help to others as well. You paved a way to easy implementations of top of book.

Thanks,
Matt
Optimus Futures

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


Is this option available with ADMIS or Wedbush?

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  #6 (permalink)
Market Wizard
Boca Raton
 
Futures Experience: Advanced
Platform: Variety
Broker/Data: Optimus Futures, LLC
Favorite Futures: Futures
 
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Posts: 2,059 since Sep 2010
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Zelek11 View Post
Is this option available with ADMIS or Wedbush?

My business with these firms is overwhelmingly Rithmic, and with that data provider the answer is yes.

Matt
Optimus Futures

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.
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