IB data screwed up

Quote from QuantPlus:

Yes... exactly.
If you cannot spend $200/month on quality data...
You should not be trading.

The killer for me...
Is that IB wont even give you an NBBO quote.
One year ago you could still trade off the NYSE bid/ask...
Today that's impossible...
You need NYSE plus a quality NBBO quote.

It's the only way to prevent SMART...
From nicking you for $0.01 or more at least 20% of the time.

People using IB data...
Are paying roughly twice the IB fees they think they are.
This is not an accident.

QuantPlus --- the name says it all.

This is bullshit.

Whats true? If you want quality tick by tick data you will have to pay for it.

Corrections to the anti-ib diatribe crap.

IB data is fine for many traders who don't care about seeing every tick on their screen. I traded the fastest nastiest market in the world with it for three years (HSI). I am now trading SPI, N225 and STW with it. It works brilliantly.

Do I see every tick as it happens? No. Do I miss any information? Not for my style of trading. Do I use tick charts? Yes but I tune them to the information I get from IB. Does it work? Fuckin oath :)
 
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