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IB's Data Feed Sucks
- Thread starter ANCHOR
- Start date
Anchor,
Let me get this straight. Use quotetracker which takes stock feeds from datek (I know how quote tracker works, but never used it heavily). Then use IB's futures feed (which is ok).
All this time, ib will be the broker, where I'll put orders thru. using their standalone app. I'm still having problems with their demo installation so I'm not too familiar with all the functions yet.
I wont need datek's streamer in any way since I get the feeds off quotetracker (via datek) anyways. right?
Am I correct in understanding this?
Thanks a lot.
Let me get this straight. Use quotetracker which takes stock feeds from datek (I know how quote tracker works, but never used it heavily). Then use IB's futures feed (which is ok).
All this time, ib will be the broker, where I'll put orders thru. using their standalone app. I'm still having problems with their demo installation so I'm not too familiar with all the functions yet.
I wont need datek's streamer in any way since I get the feeds off quotetracker (via datek) anyways. right?
Am I correct in understanding this?
Thanks a lot.
Download QuoteTracker version 2.5.0d. It is their bata and it seems to work good. Good luck using IB's data. Unless your not a big tape reader then I guess it not that bad. I just got use to watching a fast tape with esignal and to go from that to IB's feed, I can't do it.
ANCHOR, interesting that you commented on being a tape reader. I'm not, but I've been seeing more things that I feel I can trade on recently, by looking at Level II screens. Thanks for your comments on QT and Data feeds.
ANCHOR, interesting that you commented on being a tape reader. I'm not, but I've been seeing more things that I feel I can trade on recently, by looking at Level II screens. Thanks for your comments on QT and Data feeds.
Originally posted by ANCHOR
If you are switching from Datek to IB you are doing yourself a favor. IB is a much better broker than Datek. That is why I'm surprised at how bad their data feed is. It's really slow. If you were going to switch from Datek to IB here is what I would do. Use Datek's funds now (I think that's what they call it) to get your money out of your account. But don't close out the account. Leave like ten dollars in it. Then if you are going to use a program like QuoteTracker you can use Datek for your stock data and IB for your futures data, (if you trade futures). If you are using esignal or Qcharts then you don't need to worry about IB's feed anyway.
Datek does not have a great data feed at all, but IB's just sucks! I didn't think anything could be worse then Datek's feed but IB's is much worse. I have been trading with IB for awhile and they are a good broker. I am going to start at a prop firm at the beginning of next year so I canceled my esignal feed and started to use QT with my sisters Datek account as my data feed. QT started offering futures charts through IB like a week ago. I wanted the futures charts so I switched my data feed to IB and I was shocked at how slow it is. I've only been using it for about a week but it sucks.
Now I'm only using QT. I have Datek for my stock data feed and I use IB as my futures data feed. It works good like this. It's nothing like esignal but it works for the type of trading I do. Maybe IB's feed is not always this bad and they just had a bad week but it is very sorry.
And yes, you can enter your orders through IB right from QT. Only their smart order routing
Datek's streamer, don't even go there.
Datek charges an inactivity fee per quarter, so leaving $10 in the account doesn't really make the streaming free. IB has satisfactory streaming, but Datek is noticeably faster and allows more than 40 symbols at a time. However, Datek doesn't do futures feeds.
To clear up a few things:
IB's feed for stocks is not ticky by tick but a snapshot feed updating approcimately once per second. Their Globex feed (NQ, ES etc.), however, recently has been upgraded to a tick by tick feed. It's lightning fast and constantily significantly ahead of qcharts and esignal. This only holds true for their TWS, though, and does not translate to API based applications like QT, DDE links etc. since the API limits message traffic to 50 per second (one message every 2 milliseconds) thus effectively throttling the feed.
IB's feed for stocks is not ticky by tick but a snapshot feed updating approcimately once per second. Their Globex feed (NQ, ES etc.), however, recently has been upgraded to a tick by tick feed. It's lightning fast and constantily significantly ahead of qcharts and esignal. This only holds true for their TWS, though, and does not translate to API based applications like QT, DDE links etc. since the API limits message traffic to 50 per second (one message every 2 milliseconds) thus effectively throttling the feed.
Originally posted by dlincke
To clear up a few things:
IB's feed for stocks is not ticky by tick but a snapshot feed updating approcimately once per second. Their Globex feed (NQ, ES etc.), however, recently has been upgraded to a tick by tick feed. It's lightning fast and constantily significantly ahead of qcharts and esignal. This only holds true for their TWS, though, and does not translate to API based applications like QT, DDE links etc. since the API limits message traffic to 50 per second (one message every 2 milliseconds) thus effectively throttling the feed.
Are you sure IB's Globex quotes are now tick by tick? IB's quotes have always been fast but I haven't noticed that they are now updating any more than the stated snapshot every .7 seconds. Has this been announced somewhere by IB or is this just from your observation?
Thanks,
dlincke said:
IB's feed for stocks is not ticky by tick but a snapshot feed updating approcimately once per second. Their Globex feed (NQ, ES etc.), however, recently has been upgraded to a tick by tick feed.
Actually, I think everyone is probably now getting the faster stock quotes, too, which are near-real-time, but I believe still snapshots. They just shortened the interval. Are you sure GLOBEX is tick-by-tick? I'll check it tomorrow, since my Excel app records a T&S log which I can compare with the CME.
This only holds true for their TWS, though, and does not translate to API based applications like QT, DDE links etc. since the API limits message traffic to 50 per second (one message every 2 milliseconds) thus effectively throttling the feed.
Are you sure about this? I thought this only applied to messages going into TWS so as not to overwhelm it. I can't think why they would limit the messages coming out of TWS.
IB's feed for stocks is not ticky by tick but a snapshot feed updating approcimately once per second. Their Globex feed (NQ, ES etc.), however, recently has been upgraded to a tick by tick feed.
Actually, I think everyone is probably now getting the faster stock quotes, too, which are near-real-time, but I believe still snapshots. They just shortened the interval. Are you sure GLOBEX is tick-by-tick? I'll check it tomorrow, since my Excel app records a T&S log which I can compare with the CME.
This only holds true for their TWS, though, and does not translate to API based applications like QT, DDE links etc. since the API limits message traffic to 50 per second (one message every 2 milliseconds) thus effectively throttling the feed.
Are you sure about this? I thought this only applied to messages going into TWS so as not to overwhelm it. I can't think why they would limit the messages coming out of TWS.
I found a thread that talks about the quote change on the IB discussion forum:
http://www.interactivebrokers.com/discus/messages/3/4237.html#POST13101
I'm still on an older version of the TWS, which is why I don't see the faster quotes. It appears you need to upgrade at least to version 778.1 to get the faster quotes.
Also, 50 per second is every 20 milliseconds.
http://www.interactivebrokers.com/discus/messages/3/4237.html#POST13101
I'm still on an older version of the TWS, which is why I don't see the faster quotes. It appears you need to upgrade at least to version 778.1 to get the faster quotes.
Also, 50 per second is every 20 milliseconds.
Originally posted by alanm
dlincke said:
IB's feed for stocks is not ticky by tick but a snapshot feed updating approcimately once per second. Their Globex feed (NQ, ES etc.), however, recently has been upgraded to a tick by tick feed.
Actually, I think everyone is probably now getting the faster stock quotes, too, which are near-real-time, but I believe still snapshots. They just shortened the interval. Are you sure GLOBEX is tick-by-tick? I'll check it tomorrow, since my Excel app records a T&S log which I can compare with the CME.
This only holds true for their TWS, though, and does not translate to API based applications like QT, DDE links etc. since the API limits message traffic to 50 per second (one message every 2 milliseconds) thus effectively throttling the feed.
Are you sure about this? I thought this only applied to messages going into TWS so as not to overwhelm it. I can't think why they would limit the messages coming out of TWS.