Futures Broker

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konstantin
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Futures Broker

Postby konstantin » 31 Dec 2009

Maybe a bit off-topic, sorry for that:
Can someone recommend a good (and cheap) futures broker with tick-by-tick datafeed for Multicharts?
Commissions should be the same or lower than IB (for 3-5 roundturns per day).

Thank you.

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TJ
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Postby TJ » 31 Dec 2009

none of the brokers provides PURE tick-by-tick datafeed.

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konstantin
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Postby konstantin » 31 Dec 2009

I didn't know this.
I thought only IB is "bundling" ticks (trades).

So you think that all brokers are sending less ticks than data providers like esignal or IQFeed?

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TJ
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Postby TJ » 31 Dec 2009

All data provider bundles the ticks.
even the data from exchange is not guaranteed tick-by-tick.

You can do a simple calculation,
take the es daily volume,
then divide it by the number of seconds in a trading day,
and you will know how many average contracts in a second.
then divide the number with the average trade size (pick any number),
and you will realize that it is physically impossible not to bundle the ticks.

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konstantin
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Postby konstantin » 31 Dec 2009

OK, I understand.
Do you know if brokers datafeeds are comparable with esignal or IQFeed regarding number of ticks?

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TJ
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Postby TJ » 31 Dec 2009

OK, I understand.
Do you know if brokers datafeeds are comparable with esignal or IQFeed regarding number of ticks?


no

IB is a technical leader;
their innovations over the years has changed the way exchanges around the world do business with traders, I doubt you can find a better price/performance/versatility/world coverage package anywhere.


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