Support Board
Date/Time: Mon, 25 Nov 2024 16:47:12 +0000
Post From: Service package & datafeed & sim trading questions
| [2024-02-24 00:51:32] |
| Sivle - Posts: 53 |
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Alternative 1: Full CME Group (CME, CBOT, COMEX, NYMEX) with Market Depth for non-professional Trading accounts: Has the data for the entire CME Group (all 4 exchanges) along with the Market Depth data. Alternative 2: Full CME Group (CME, CBOT, COMEX, NYMEX) for non-professional Trading accounts: Has the data for the entire CME Group (all 4 exchanges), but only has the Top-of-Book (1 level of Market Depth). We refer to this as no market depth data, even though there is 1 level. Alternative 3: CME non-professional top-of-book: Has the data for just the CME Exchange of The CME Group, and only has the top-of book (1 level of Market Depth). okay let me explain what i'm looking for. I want to buy micro e mini s&p500 and e mini s&p500 And I want to be able to trade using orderflow and therefore I need to use the following: volumeprofile, makretprofile, footprint, cumulative delta, vwap. I want to choose the cheapest option in terms of data feed Regarding alternative (1) does this option have market depth, i.e. you don't just see level 1 in terms of price, but deeper for example level 2 you see bid and ask for example? and you see all orders. if I'm going to use volumeprofile, market profile and footprint etc do I need to choose this alternative because this alternative has market depth? regarding alternative (2) only have top of book which means there is no market depth at all or there is only level 2 which I think is just price? and no order depth is shown and you cannot see all orders. So I assume that if I want to use orderflow analysis, I cannot use this example as volumeprofile, marketprofile and footprint do not work with this alternative and if I have understood it correctly, options 1 and 2 are the same, however, they only differ in that alternative 1 has market depth, but alternative 2 does not, but only has top of book, which is in other words only level 1, i.e. only shows price. as for alterantive 3, I assume that you only get the data feed from the CME exchange ie CME and not for the remaining 3 exchanges ie CBOT, COMEX, NYMEX ? and then you only get top of book, i.e. level 1, which means that you don't get any market depth but only see price and no order depth such as all orders etc. And finally if I have understood correctly Full CME Group (CME, CBOT, COMEX, NYMEX) has 4 exchanges which are CME, CBOT,COMEX and NYMEX But only CME Group has only 1 exchange which is CME and finally to answer my question. As you know, I want to sim trade futures and then I want to trade micro e mini s&p500 and e mini s&p500 and as you already know, I want to use volumeprofile, market profile, footprint, cumulative delta. so I assume that if I want to get away cheaper then I have to use one of the 3 alternatives above but at the same time I have to have a live funded trading account with a broker. And that it is not possible to sim trade with real-time data by using any of its 3 options as they require you to have a live funded trading account with a broker in order to be able to sim trade. and then it remains for me to only use service package 11 - Integrated Advanced (Monthly) - 46 US as this gives me the opportunity to sim trade without having a live funded trading account with any broker and also can I use real time data when doing sim trading? Isn't there a cheaper alternative for me? I hope you can understand me and I hope you can understand that my first language is not English and I appreciate if you can show consideration. thanks |