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I currently have a Rithmic data feed which is $7 per month for non-professional. When I go pro the same data feed will cost $111 per month. I asked my broker why it was so more expensive and if their were any differences in the data.
Their response was "Not necessarily. The difference is really the price point."
Can anyone here explain what that is suppose to mean? Any additional input on Pro vs non pro data feed would be appreciated?
to put it a little different, the difference is what you are allowed to do with the data
if only for your personal use, = non-pro
if you run a business to manage other poeple's money, then it's a pro fee
the data is exactly the same, it's pure a fee discussion
Data is same. Higher price is because it's likely for Enterprise use. Meaning the data they provide you can be used by many people at your company. If you buy non-pro, you're not allowed to distribute the data to anyone from a legal perspective.
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals and Crypto.
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Lots of comments in this thread, most are mostly correct, but not all are 100% correct.
As stated - the data is the same - the exchange (not your data provider) just charges you differently based how you use it.
It's not as simple as personal use versus managing money. There are situations where individuals trading for themselves are still classified as professionals, owning or leasing a seat being the obvious one. (So the Math on leasing a seat is now Volume > (Seat Fee + Extra Data Fees)/# Sides Traded).
