IB: free Nasdaq Level II?

[alosito]

Does anybody know if Interactive Brokers gives heavy traders a free access to Nasdaq Level II? How much do you need to pay in trading fees per month in order to get Nasdaq Level II for free with IB?

 

[hajimow]

It is not free. It will cost $20 per month and it will not be waived based on trade volume.

 

[alosito]

I am not subscribed for Level II with IB, but when I get the quote feed from them with Medved QuoteTrader, I can see Level II data in Medved QuoteTrader. Does it mean I still get the same Level II data without paying $20?

 

[hajimow]

I am not subscribed either. but I know that you can get it free in quotetracker but I assume it is the basic level II. Definitely you are not paying for level II when you use Quotetracker. You can check the market data fees in the following site:

http://www.interactivebrokers.com/en/accounts/fees/marketData.php?ib_entity=llc

 

[Bob111]

Quote from alosito:

Does anybody know if Interactive Brokers gives heavy traders a free access to Nasdaq Level II? How much do you need to pay in trading fees per month in order to get Nasdaq Level II for free with IB?

go to mb trading. they give you L2 for free for accounts >25K. comm about same

 

[alanm]

I doubt you are seeing L2. You are probably seeing the top-of-book for each of the routes, put together to look like an L2 montage. Are you actually seeing the various MMs (not just ECNs)?

 

[hajimow]

You are right. He should be seeing just the top bid and asks and not the name of MMs. I was using it a while ago. Not a real level 2