3 ms·

real-time L2 feeds are not free for intraday trading. historical L2 data is free

• jb1991 6y ago
  That 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 ago
    https://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 ago
      And it’s been this way for at least 10 years that I’ve been using them.
    • Scoundreller 6y ago
      Is 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 ago
        exchanges charge for access to this data. standard data providers are Bloomberg, Redline, and then the execution shops sell their own products too.
        • Scoundreller 6y ago
          So 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 ago
            If so inclined I advise due diligence on latency and granularity of the free data sources
  • RobRivera 6y ago
    whats the lag?