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Intraday ES data provider suggestion


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Intraday ES data provider suggestion

  #1 (permalink)
Raccoon
New York City, New York / US
 
Posts: 11 since Jan 2020
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Hello all,

I'm sure this has been asked here countless times, nonetheless, I do appreciate your insight...

I am currently paper-trading ES futures using NinjaTrader 8. I'm on the demo with NinjaTrader Continuum data. What I'm looking for is a reasonably priced, quality, unfiltered, intraday tick data that I can plug into NT to continue my paper-trading.

I'm hoping you could point me towards some options to explore. Much appreciate your time

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  #3 (permalink)
 
xplorer's Avatar
 xplorer 
London UK
Site Moderator
 
Experience: Beginner
Platform: CQG
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Raccoon View Post
Hello all,

I'm sure this has been asked here countless times, nonetheless, I do appreciate your insight...

I am currently paper-trading ES futures using NinjaTrader 8. I'm on the demo with NinjaTrader Continuum data. What I'm looking for is a reasonably priced, quality, unfiltered, intraday tick data that I can plug into NT to continue my paper-trading.

I'm hoping you could point me towards some options to explore. Much appreciate your time

Hi Raccoon, welcome.

When you say 'tick data', are you after data that you can download and replay when you want?

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  #4 (permalink)
Raccoon
New York City, New York / US
 
Posts: 11 since Jan 2020
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xplorer View Post
Hi Raccoon, welcome.

When you say 'tick data', are you after data that you can download and replay when you want?

Thanks for writing...
Although availability of download/replay is a nice addition I would enjoy, what I'm referring to is being able to trade from tick charts. In other words I don't rely on time-based charts. I'm pointing this out in case there is a distinction in what a data provider may offer (tick or time driven data).

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  #5 (permalink)
 tr8er 
Europe
Legendary Market Wizard
 
Experience: Advanced
Platform: TradeNavigator, BookMap
Trading: ES, CL, 6E, 6B
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Of course each real-time data feed is based on ticks (Rithmic, CQG, TT, T4...…)

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  #6 (permalink)
 
xplorer's Avatar
 xplorer 
London UK
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Raccoon View Post
Thanks for writing...
Although availability of download/replay is a nice addition I would enjoy, what I'm referring to is being able to trade from tick charts. In other words I don't rely on time-based charts. I'm pointing this out in case there is a distinction in what a data provider may offer (tick or time driven data).

Ok, gotcha. When you purchase access to market data there is really no distinction between tick charts or time-based charts. The underlying data is the same. You then decide the type of charts that you want to visualize.

The only difference is whether you want access to the so-called 'market depth' (i.e. being able to see how many orders are resting at varying price levels) or just access to the 'top of the book' (i.e. you will just see the last price the market is currently trading at).

As far as I can tell, to get the full market depth, access only to the exchange where the ES trades is $5 per month (assuming you are classed as a non-professional, i.e. a retail trader like most of us). Having access to all exchanges owned by the CME costs 15$ per month (it's 4 ecxhanges but there's a 'bundle' option).

There were talks recently about the CME increasing their prices in Feb 2020 but I have not seen anything official from the CME as of yet.

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  #7 (permalink)
Raccoon
New York City, New York / US
 
Posts: 11 since Jan 2020
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Thank you...

Sifting through the forum, I've come across suggestions that maintaining separate data feed (as in not bundled with a brokerage) may be an expensive proposition. Would that relate to tr8er's list of suggestions? Where does one find what each of those (Rithmic, CQG, TT, T4...…) have to offer DIRECTLY without a broker in between? Or is that usually not available along such path for a retail trader?

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  #8 (permalink)
 tr8er 
Europe
Legendary Market Wizard
 
Experience: Advanced
Platform: TradeNavigator, BookMap
Trading: ES, CL, 6E, 6B
Posts: 704 since Jan 2017
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Raccoon View Post
Thank you...

Sifting through the forum, I've come across suggestions that maintaining separate data feed (as in not bundled with a brokerage) may be an expensive proposition. Would that relate to tr8er's list of suggestions? Where does one find what each of those (Rithmic, CQG, TT, T4...…) have to offer DIRECTLY without a broker in between? Or is that usually not available along such path for a retail trader?

If you don't have an account, you have to pay the pro fees, so you have to pay $ 105.-- instead $ 5.-- for each CME-exchange.

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  #9 (permalink)
Raccoon
New York City, New York / US
 
Posts: 11 since Jan 2020
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tr8er View Post
If you don't have an account, you have to pay the pro fees, so you have to pay $ 105.-- instead $ 5.-- for each CME-exchange.

I see... so in other words, it makes little sense to NOT go with a brokerage account

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  #10 (permalink)
 
xplorer's Avatar
 xplorer 
London UK
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Raccoon View Post
Thank you...

Sifting through the forum, I've come across suggestions that maintaining separate data feed (as in not bundled with a brokerage) may be an expensive proposition. Would that relate to tr8er's list of suggestions? Where does one find what each of those (Rithmic, CQG, TT, T4...…) have to offer DIRECTLY without a broker in between? Or is that usually not available along such path for a retail trader?

I don't know that you can access the market data services without a broker. I may be wrong but I doubt that's possible, especially for retail traders.

Your best bet may be checking with some reputable brokers (there are a few here on FIO that rate highly) and ask them directly.

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Last Updated on January 22, 2020


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