Enormous charges for data coming?

[ET180]

But I knew the greedy ICE cunts are after as much as they can get. And they will eventually try and get even more, thousands a month if they can get away with it....

Soon the cunts at ICE are going to get $zero a month from me.

Could say the same about Apple, Starbucks, or any other company that gets a good premium while great alternatives exist. I don't blame them for trying to increase revenue. To me, it just looks counter-productive. I expect that they have considered that.

 

[Tradovate]

They sell your order to a market maker who only fills you when they can make a tick on your order.

Tradovate is regulated by the NFA and CFTC and does not sell order flow. In addition, selling order flow is not permitted and is illegal in futures. All orders placed on Tradovate are transmitted to an exchange for execution.

We understand our subscription pricing model is not standard for the industry so if you have questions, please feel free to reach out at support@tradovate.com

 

[truetype]

The discussion was about selling equity orderflow.

 

[Sergio77]

And you cant decide for yourself whether it is fake news or not?

Now have you? Your apology accepted.

 

[Sergio77]

Platforms already in operation and upcoming want to disrupt the market and are lobbying to increase data fees so that traders turn to them. They want to end the independent trader. The passive funds also like this. The HFTers want that. The politicians also want this. Most modern traders use APIs to execute trades. Platforms and passive funds want to control volatility so they can control order flow. the plan is to make stocks behave like bonds and get flow from fixed income. Don't you see this is happening already? There is no volatility in the markets. Traders that depend on volatility are out. Next target is all traders. They can do this because traders have no lobby and no are not unionized. Data vendors will disappear. Little time left to react.

 

[qlai]

IMHO, this is one stinking trial baloon. That's probably why some smaller firms were hit but large ones like IB left alone. After all the noise these a*h*s will raise the fees by 100% and everyone will be - oh well that's more reasonable ... Thank you so much!

 

[SteveH]

NYSE are owned by ICE.

And the Russell 2K is moving back to the CME in a few months.

Soon the cunts at ICE are going to get $zero a month from me.

Southall,

So the now TF will go back to being like the way it was with the old ER2, just part of the CME e-mini bundle? COOL!

As far as this display / non-display issue goes, seems like an equities trading API issue at this time. Didn't see a mention here of this including futures data.

 

[ET180]

Platforms already in operation and upcoming want to disrupt the market and are lobbying to increase data fees so that traders turn to them. They want to end the independent trader. The passive funds also like this. The HFTers want that. The politicians also want this. Most modern traders use APIs to execute trades. Platforms and passive funds want to control volatility so they can control order flow. the plan is to make stocks behave like bonds and get flow from fixed income. Don't you see this is happening already? There is no volatility in the markets. Traders that depend on volatility are out. Next target is all traders. They can do this because traders have no lobby and no are not unionized. Data vendors will disappear. Little time left to react.

Why would all those groups that you mentioned want to get rid of the retail trader? As much as I hate politicians, why would they want it? Wouldn't they want the extra liquidity and inefficient pricing that the retail trader brings to the market? It's more plausible to accept the argument that they want to charge fees to make more money / because they think they can get away with it.

I'd argue that there's no volatility in the market because everyone knows that the Fed will ultimately prevent the S&P from dropping more than about 10% from the all-time-high. Politicians have also figured out how to prop the market up by creating upside risk (such as tax deals, infrastructure projects (including wall-building), and deregulation) whether or not they materialize -- just leave the carrot hanging out there at some unknown time in the future. Traders and investors only need to worry about anticipating the big one that will make people nostalgic for 2008 and times when the Fed had control of the market. Retail traders might not have a lobby and I agree that having a lobby would help (as it does for all special interests -- usually ends up manipulating policy to benefit a small group of people at the expense of everyone else -- ethanol lobby would be a good example of that), but I'd imagine that large trading firms that profit from retail traders (TD Ameritrade, IB, E-Trade, etc.) would lobby on their behalf.

 

[smileypete]

Sounds like the exchanges are out to screw the little guy, so they can pay themselves Dick Grasso sized pay packets.

Anyway <*cough cough*> screen scraping <*cough cough*> anyone?

 

[Ryan81]

I highly doubt the exchanges will cut off their nose to spite their face. Think of how many market participates might just say "ok, I'm done" instead of paying ridiculous data-feed fees. The exchanges will get a LOT LESS business. Their real moneymaker is matching orders.