Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
Best method and cheapest to get real time data and market depth?
Still scratching my head when it comes to data feed for Sierra. I just want to test and do some research with live feed with market depth but without trading. However after read the documentation on SC, I have understood it that I need to open a trade account somewhere and deposit funds to be able to get non-professional prices for CME and COMEX?
Does this mean, even if I pick their "Denali" package I still have to open an account at a brokerage?
Used to forex and metatrader before, that was easy getting things up and running compared to this.
So my question is - what are my options if I want to get live feed data with market depth?
Can you help answer these questions from other members on NexusFi?
Thanks for the information! Did not know this was possible! Don't know of the quality of data but I will give it a try indeed! Have just signed up for an account!
I have an account with AMP and i am using CQG with SierraChart. I have experienced no problems at all so far.
Edit: i should correct myself. If you want CME and COMEX it will cost you $10 each with Rithmic, $11 each with CQG so $20 or $22 per month. You can also go for the Denali which would be $20 per month + $20 per month for CME and COMEX if i remember correctly.
What you should also consider (if it's important to you) is the number of market depth level provided by the particular data provider.
If you are going to be using strategies that rely upon having a deep order book, CQG only provided 10 levels market depth either side of the current price whereas Rithmic/Denali do full book/300.
With Rithmic/Denali, you are also paying an extra $20 odd a month for order routing.
Perhaps Denali is better if you trade using DOM and need this sort of data.
For people who only needs level 1 might be overkill.
AMP with CQG level 1 is just US$1 per month for the data, canīt beat that... If you donīt need tons of historical data, this is the best option. You get 1 year of historical data.
