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Are you referring to seeing the depth of market? That's been free for many years in many stock and futures trading platforms as well. How is it different in cry
by jb1991 6y ago
Are you referring to seeing the depth of market? That's been free for many years in many stock and futures trading platforms as well. How is it different in crypto?
- RobRivera 6y agoreal-time L2 feeds are not free for intraday trading. historical L2 data is free
- jb1991 6y agoThat hasn’t been through with my TD Ameritrade account for many years. I get level two depth on stock and futures for intraday trading, no additional fee.
- waynesonfire 6y agohttps://www.brokerage-review.com/expert/level2/td-ameritrade-level-2-quotes.aspx https://www.brokerage-review.com/expert/level2/td-ameritrade... > TD Ameritrade offers Level II quotes free of charge to both professional and non-professional traders. This is a very generous policy. Not all brokers offer Level II quotes at no cost. For example, TradeStation charges $10 per month for Level II quotes for non-professionals, while professional traders must pay a very steep $110 per month for the same data. Nice! competition is great.
- jb1991 6y agoAnd it’s been this way for at least 10 years that I’ve been using them.
- Scoundreller 6y agoIs there an actual cost to The provider in providing this data? Or do providers just charge because they can, as with commissions? (Turns out in a post Robin-Hood world, transactions could be zero-commission, but the commission charging providers just chose to continue despite other revenue available to cover the cost).
- RobRivera 6y agoexchanges charge for access to this data. standard data providers are Bloomberg, Redline, and then the execution shops sell their own products too.
- Scoundreller 6y agoSo what’s different about TD that they can offer it for free while others charge for it ? Is the actual cost a drop in the bucket so they just eat the cost or?
- RobRivera 6y agoIf so inclined I advise due diligence on latency and granularity of the free data sources
- RobRivera 6y agowhats the lag?
- gruez 6y agoWhich platforms provide L2 data for free? At least for major american exchanges (eg. NYSE) they're not free.
- jb1991 6y agoI normally trade futures but I just checked and I’m also getting full level two depth on stocks with TD Ameritrade‘s desktop platform. I do not pay any fees to them for this.
- rmah 6y agoReal exchanges do not take custody of assets (unlike crypto exchanges) and do not sell info to end users. In the retail space, brokers provide this data. Their policies vary. From free for all traders, free for active/fee for inactive, no level-2, etc.
- arberx 6y agoYou have to pay a hefty price for real time info.
- jb1991 6y agoThat’s just not true, I guess TD Ameritrade is different?
- clipradiowallet 6y ago> free for many years in many stock and futures trading platforms Where can I get free depth of market for futures? eg for CME/CBOT L2, I pay roughly $50/mo as a retailer, or approx $500 for professional. It's not high enough that I would consider changing brokers, but I didn't know it was legal to redistribute Rithmic/CQG L2 streams(they are the only games in town last I checked, and everyone resells them). edit to add: To be clear, my L2 is 10-levels deep from both bid/ask. I know you can get infinite depth from Rithmic for absurd quantities of money, but don't see the value in it(for me).
- jb1991 6y agoTD Ameritrade. Check out all of the sibling comments here.