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Direct MessagesDate/Time: Mon, 16 Sep 2024 19:23:53 +0000
Post From: Depth of Market Data Feeds
| [2024-07-26 18:01:48] |
| John - SC Support - Posts: 34454 |
|
The "Top-of-Book" exchanges only give you the top of the book data - i.e. one market depth level. You do not have get the full Market Depth data. The "Market Depth" exchanges give you the full market depth data. The "Professional" exchanges are for professional traders, or those that are listed as brokers according to FINRA. If you do not know what this means, then you are not a professional trader. The "Non-Professional" exchanges are for everyone else that is not a Professional. But, the CME Group has a requirement that you have a live, funded, futures trading account in order to qualify as a Non-Professional and get the data at the non-professional rates. You need to be able to connect your Sierra Chart software to that account at least once a month for verification as well. Refer to the following for more on this: Real-Time Exchange Data Feeds Available From Sierra Chart: Understanding and Accessing Data From the CME, CBOT, NYMEX, COMEX Exchanges -- Given the above Professional/Non-Professional requirements from the CME Group, it is possible that you could have to pay the Professional rates if you do not have a live, funded, futures trading account that qualifies. This is why those exchanges are listed as "for Professionals or Users Without a Trading Account". But, if this situation applies, then we highly recommend using the solution outlined at the following link. This solution ties up $100-$200, but this is still cheaper than just a few months of the Professional exchange fees. Easy Solution to CME Funded Trading Account Requirement -- As to the data levels offered by Interactive Brokers - you would have to ask them. We do not know. For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |