Save Money on Data Costs

Posted in News, User Tips by tharnett on November 2, 2010

This article is long overdue. Many of you might already be taking advantage of exchange fee waiver programs or free real time data depending upon which data vendor you are using to power MarketDelta. Regardless, below is a list of each data vendor we currently support and the steps necessary to either apply for the exchange fee waiver or receive free realtime data. In order to take advantage of the free real time, you must take action by following the steps below or contact your broker or data vendor. For a complete list of all the data sources we currently support see this link.

OVERVIEW
There are really two types of data sources for MarketDelta. Brokerage supplied and Data Vendor supplied. Broker supplied data does NOT supply the necessary tick data for backfilling your charts. Broker supplied data is really only meant for real time charting and building of your database going forward in time. Some of the broker feeds do supply some historical data, but it can be unreliable as to how much is available. Because of this, we recommend using our historical backfilling solution. It is called DTN Market Access and available when subscribing to MarketDelta. This backfilling solution is currently NOT available for trial users. Data Vendor Supplied is the highest quality of realtime and historical data. They are in the data business, so they provide historical data as well as realtime data. They do not support brokerage related activities like sending and receiving orders. That would typically be done separately.

DATA VENDOR FEEDS
Without Waiver CME emini’s only $30 + Nymex $66 + CBOT $66 = $162/month
With Waiver CME emini’s only $0 + Nymex $0 + CBOT $0 = $0/month HUGE MONTHLY SAVINGS!

  • IQFEED
  • – This is our most used data feed. It works well and provides both real time and historical data for most of the exchanges. They offer an exchange fee waiver which allows you to sign up with a qualified broker and receive free real time data. To have the exchange fees waived you must be using one of the brokers listed on this page and follow the instructions there.

  • eSignal
  • – eSignal provides excellent data and lots of international connectivity. They provide both real time and historical data for many exchanges. To have the exchange fees waived see this link on the eSignal website. It provides detailed information on the necessary steps, or you can contact an eSignal sales representative on how to take advantage of this offer.

BROKERAGE FEEDS
These feeds provide FREE realtime data for MarketDelta as long as you have a funded brokerage account. The only data cost would be the optional historical DTNMA from MarketDelta.

  • Infinity / TransAct AT
  • – Using this platform there are a couple of choices.
    1) Contact your broker at Infinity and express interest in using IQFeed for your real time and historical data through MarketDelta. They can sign off on the exchange fee waiver program through IQFeed.
    2) Just use the Infinity AT platform and MarketDelta can connect and receive the realtime data from it.

  • ZenFire
  • – Using this platform there are a couple of choices.
    1) Contact the broker that supplies your Zenfire login and express interest in using IQFeed for your real time and historical data for MarketDelta. First make sure they are listed at the bottom of this page. They can sign off on the exchange fee waiver program through IQFeed. You will still do your trading through your Zenfire broker. ONLY the realtime and historical data for MarketDelta would come from IQFeed.
    2) Just use the real time Zenfire feed to power MarketDelta and monitor realtime data.

  • Interactive Brokers
  • – There is only one option when using Interactive Brokers. Just use the real time IB feed to power MarketDelta and monitor realtime data.

9 Responses to Save Money on Data Costs
  • In your opinion, what are the advantages/disadvantages of Infinity with DTN Market Access versus DTN IQfeed? DTN ends up being 65 dollars a month more when you add everything up.

    Dave
    November 2, 2010 at 3:07 pm
  • The primary advantage of using Infinity w/ DTNMA versus IQFeed would mostly be the $65/month savings. Both configurations would provide the same level of historical data.

    November 4, 2010 at 7:18 am
  • I’m a former Transact/DTNMA data user. If you use volume analysis at all in your trading you can not trust the real time Transact feed. Especially in fast markets it drops a lot of ticks. I noticed this on backfills so I switched to DTN.IQFeed real time data is exactly the same as backfilled data. $65 a month is peanuts compared to trading on bad information!

    Dan
    November 4, 2010 at 1:03 pm
  • Is IB good enough for the feed? Did not think it was.

    Gary
    November 4, 2010 at 7:14 pm
  • Hi Gary – It depends on how you are using MarketDelta. If you are using it primarily for use of traditional charts and Market Profile charts, then IB is a fine alternative, especially when coupled with the DTNMA for historical data. If using the Footprints a lot, then there are better alternatives even though IB data will work and plot a Footprint.

    November 5, 2010 at 5:58 am
  • I am using IB at present to trade. How do I use the real time feed to power MarketDelta as described above? is there a link in the knowledge base to do this?
    Does this also assume I have a paid real time data subscription with IB to start with?
    Thanks

    Brian
    November 8, 2010 at 3:04 pm
  • Hi Brian,
    Here is a link to the above mentioned material: http://support.marketdelta.com/entries/114111
    This does assume you have realtime data with IB. You would essentially receive the realtime data from IB and historical using the link provided above. The cose is $25 for the historical. Let use know if you have any further questions.

    November 8, 2010 at 7:35 pm
  • Futures on the Russian RTS index in the terminal MarketDelta? Help, where to get data on the Futures?

    Gleb
    November 30, 2010 at 1:00 pm
  • Hi Gleb,
    I believe the only data providers with Russian RTS Index support are eSignal, CQG, and Interactive Brokers. Here is a link to them: http://support.marketdelta.com/entries/114066

    November 30, 2010 at 1:27 pm

Add a Comment