Originally posted by mskl
Firstly, I found your post very misleading. Hyperfeed was a little sarcasim on my part. I inquired about Hyperfeed a few months back and was surprised to hear the cost (I think it was something like $8,000 a month). There is obviously no comparison. One company specializes in data and charges a high rate while the other specializes in order execution and charges you basically the Exchange fees for their data.
Secondly, I would disagree strongly that IB's data is poor relative to retail data providers. I have used TAL, PC Quote, QFeed, Reuters, DTNIQ, ESignal, S&P Comstock and Track Data. Out of those providers, only one had data that was even comparable to IB's data. That is, IB, a broker, has better data than most of the retail data providers!!
Yes, at times IB's data is a little slow but the problems are much worse at many data providers. For a broker that specializes in fast executions, their data is outstanding.
Sorry, you must have me confused with someone else. I have no interest in off shore trading. Thanks though.
Originally posted by metooxx
What exactly is misleading? All you have to do is put a couple of feeds up side by side, link them to a spread sheet if you have that feature, compare the quote speed by picking some common feature, i.e. total volume, log the results and pick the winner. It is not IB.
And yes, Hyperfeed is expensive, but it works ...
Aren't you the guy out of Canada that wanted cheaper commisions than IB?
Originally posted by mskl
misleading??
you said the quotes "suck"
Out of all the data providers I have used, only one even compares to IB's data.
Problems with other quote vendors:
1) Many don't provide you with composite quotes in the options market
2) Many who do, don't provide correct size quotations (if there is more than one exchange on the bid/ask)
3) many don't provide individual ECN quotes
4) none provide Instinet quotes for listed stocks
5) many don't provide real time data for options with zero open interest
6) many miss ticks and can have a posted incorrect quote for hours
etc, etc, etc
This thread is under, "Retail" and as such, not many would be willing to spend $8,000/month on Hyperfeed for quotes that are marginally faster.
IB quotes, for the retail investor, are outstanding!!!
Originally posted by metooxx
The question the guy asked was about NAS equities, what does that have to do with 1,2,4 or 5? All data providers have problems, IB gets backlogged, i.e. delayed in a fast market.
You brought up Hyperfeed , not me; and it is a lot more than marginally faster.
Originally posted by metooxx
Try PCQuote, Real Tick, Redi, Esignal; consoldate the quote and pick the fastest. We do that for back-up quotes. They all have their problems and latency in different conditions.
The point is IB is not the top of the list.