If I cancel level II and just have level 1, will it be enough to get real-time data?

roca · Dec 23, 2020

Hey guys,

I don't use level II to trade and just look at level 1. That being said, will subscribing to level 1 be enough to show me real time data?

Thanks

maxinger · Dec 23, 2020

For me, the level 1 data is sufficient.
I just need the nearest bid-offer row

Gaslight Capital · Dec 23, 2020

roca said:
Hey guys,

I don't use level II to trade and just look at level 1. That being said, will subscribing to level 1 be enough to show me real time data?

Thanks

Who is your broker? Whoever provides the feed to your trading platform will be able to answer that question for you better than any of us. However, I have not experienced a trading platform that did not provide real time level one if you are paying for it (I presume you are referring to futures). For stock data, all the main brokers provide free real time level one as far as I know.

JSOP · Dec 23, 2020

roca said:
Hey guys,

I don't use level II to trade and just look at level 1. That being said, will subscribing to level 1 be enough to show me real time data?

Thanks

If you don't scalp, yes Level I is plenty enough as real-time data for trading.

roca · Dec 23, 2020

maxinger said:
For me, the level 1 data is sufficient.
I just need the nearest bid-offer row

Yes same here. Just wondering if level I is also enough to get real time data

roca · Dec 23, 2020

roca said:
Yes same here. Just wondering if level I is also enough to get real time data and if the chart looks up to date

roca · Dec 23, 2020

JSOP said:
If you don't scalp, yes Level I is plenty enough as real-time data for trading.

ok thanks I see.

Yea I don't scalp

roca · Dec 23, 2020

Gaslight Capital said:
Who is your broker? Whoever provides the feed to your trading platform will be able to answer that question for you better than any of us. However, I have not experienced a trading platform that did not provide real time level one if you are paying for it (I presume you are referring to futures). For stock data, all the main brokers provide free real time level one as far as I know.

IB is my broker and level I cost 4.5$ it is not free. I trade stocks

Gaslight Capital · Dec 23, 2020

roca said:
IB is my broker and level I cost 4.5$ it is not free. I trade stocks

If you are paying for level one stock data you had better believe it is real time.

JSOP · Dec 23, 2020

Gaslight Capital said:
If you are paying for level one stock data you had better believe it is real time.

So far IB is the only discount broker that charges for Level I data for stock. It is in real-time but in snapshot.