Is anyone aware of any data provider/platform/broker/tool paid or unpaid tool/service provider that has consolidated times and sales data for the futures markets? In other words, I want a tool that can show times and sales data for all brokers rather than only my broker. Correct me if I’m wrong, but I think as it stands, say my futures broker is XYZ, the trades that are showing in times and sales are only trades executed with XYZ broker. Right? I want a feed that shows every single trade executes for the underlying contract.
Thanks
Can you help answer these questions from other members on futures io?
That's not how it works. Any platform's Time and Sales shows all the contracts traded on the exchange - it's got nothing to do with who your broker is.
The following user says Thank You to xplorer for this post:
Depending on what you have read about trading you could be thinking about the spot forex markets which do not have centralised exchanges so any tick volume data used on a chart is only from that broker. In that case a person trading with one forex broker will see different tick volume on their chart compared to another person trading with a different company. The individual companies also set their own spreads between the bid and ask.
But with futures, as Xplorer says, because they use centralised exchanges all the ES order/volume data for example goes through the CME exchange and that information goes out to everybody whoever their broker is. Everybody sees the same: traded volume, price and spread.
Trading, ideally structured, is a vehicle for expanding consciousness, not damaging it. - Brett Steenbarger
In the original question it was specified 'futures market'. Thanks to @matthew28 who allowed for the possibility this was out of stretch from another asset class.
The following user says Thank You to xplorer for this post:
