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This news item about NinjaTrader purchasing Transact Futures, the owner of Infinity Brokers, and planning to operate its own FCM, was flagged by sakisf in another thread:
I thought it was interesting and important enough to raise the visibility since …
will the level 2 data from the preferred stock broker list power the order flow sweet ? foot prints , volume profile , orderbook heat map, and filtering the data for trade size.
The majority of NinjaTrader’s Order Flow + tools can apply to stock instruments with no problem. However, on a few of the tools, such as the Order Flow Depth Map that deal with market depth, there are restrictions. For example, only the first level of depth from a market maker would be used in the calculation, and scaling can be difficult due to the penny increment size.
Disclosure: This communication is sent to you by NinjaTrader, LLC, a software development company which owns and supports all proprietary technology relating to and including the NinjaTrader trading platform.
what kind of data would be necessary to see the full market depth and make it not difficult , and who has it and what does it cost if you know . and thanks .
Depth Map will only use 1st level of depth when using equities, this is not a limitation of the feed itself. That said, https://www.kinetick.com is what we recommend for stock data feed for NinjaTrader.
Disclosure: This communication is sent to you by NinjaTrader, LLC, a software development company which owns and supports all proprietary technology relating to and including the NinjaTrader trading platform.
I have the Life Time License and connect via NT Contiumm (spelling). If I upgrade to the multi-broker license, what functionality will I get? I plan on connecting it to my TD Ameritrade account so I can Swing Trade Stocks.
You will unlock the ability to connect to multiple brokerages simultaneously, such as TD Ameritrade. If you enable your TDA account for market depth, then this is what's needed to fuel the order flow tools.
Disclosure: This communication is sent to you by NinjaTrader, LLC, a software development company which owns and supports all proprietary technology relating to and including the NinjaTrader trading platform.
