Depth of book: NYSE Open Book vs Nasdaq TotalView

[Gary from QUODD]

We at QUODD are seeing increasing interest from traders in looking at market depth to better analyze market trends, trading activity and liquidity in the markets.

Is there a view on whether NYSE Open Book or Nasdaq TotalView is a better solution?

 

[qlai]

Nyse Open Book is too expensive for retail trader, so definitely TotalView. But, generally speaking, people who need depth, need all or none.

 

[Temujin79]

Totalview is not total, missing Arca data

 

[QQQult]

afaik IB are the only retail level providers of ARCA / NYSE Open Book that don't ask for a couple thousand a month, while there are a few datafeeds that offer Nasdaq TotalView for around $100/m.

 

[Temujin79]

Etrade also offers Arca and NYSE along with Nasdaq for $30/month, I could be wrong though check with them.

 

[Gary from QUODD]

afaik IB are the only retail level providers of ARCA / NYSE Open Book that don't ask for a couple thousand a month, while there are a few datafeeds that offer Nasdaq TotalView for around $100/m.

Thanks for the reply. Just curious which trading application are you using to get the totalview data? Is there any limit for how many concurrent symbols you can access?

 

[clairemattockskth67]

Nyse Open Book is too expensive for retail trader, so definitely TotalView. But, generally speaking, people who need depth, need all or none.
In my opinion, Nasdaq TotalView is the best. I myself like to read only not on such topics. Recently found the outsiders book, used https://studymoose.com/literature/the-outsiders-book for this. When I have free time, I take a book, sit on the windows and read until my eyes hurt. I also wanted to recommend you, but the ones above me already did it!

The book is really expensive.

 

[ChadOtt]

thanks