Which Level 2 should I pay for? Interactive Brokers or Equityfeed?

J

Jayan16118

My broker is IB and they charge for level 2 quotes (as do Equityfeed).

I will be paying for equityfeed but want to know if I should add their level 2 quotes to my package or pay IB for their level 2 data?

Also on a sidenote, where can I go to see detailed historic quotes so that I can backtest a trading strategy?

Thanks in advance
 
I use QuoteStream for level 2's, market depth and all research related material... You deduct cost at year end taxes, so not bad.

I would go for Equityfeed, although I didn't look into it
 
Thanks for your reply, if you use QuoteStream for level 2 - is there much delay compared to the quotes you see on there and the Level 1 prices you see from whichever broker platform it is that you use? That's my biggest concern
 
Jayan16118 said:
My broker is IB and they charge for level 2 quotes (as do Equityfeed).

I will be paying for equityfeed but want to know if I should add their level 2 quotes to my package or pay IB for their level 2 data?

Also on a sidenote, where can I go to see detailed historic quotes so that I can backtest a trading strategy?

Thanks in advance
More...
I'm in IB also, and i used the level 2 data, but after I found Bookmap I can see the depth of the market better and the real intentions of the buyers and sellers.
 
cool thanks for your reply, so if you use bookmap for level 2 - is there much delay compared to the quotes you see on there and the Level 1 prices you see on IB? That's my biggest concern because obviously I want the same price I see on level 2 of bookmap or another platform when i actually place the order on IB
 
there is no delay. I also was concerned about it and checked it out. the bid and offer I see on level 2 in IB is the same that appear on Bookmap. the advantage in Bookmap is that you can which beads and offers stay and which not in a more clearer look.
 
that's awesome! so you mean in bookmap you can see which bids/ offers are new and which are existing? that's a cool feature and since I guess it helps figure out if people are sending 'fake' bid/ offers right?
 
exactly, you can see if the bids/offers stay or not. also there is the iceberg detector option which shows hidden bids/offers that don't show on the level 2
 
MotiveWave has a DOM history study which will show that.
Jayan16118 said:
that's awesome! so you mean in bookmap you can see which bids/ offers are new and which are existing? that's a cool feature and since I guess it helps figure out if people are sending 'fake' bid/ offers right?
More...
 
MotiveWave said:
MotiveWave has a DOM history study which will show that.
More...

Hi @MotiveWave



Thanks. Thus this DOM history replaces the Bookmap in IB's platform, but what about the Iceberg detector feature, is there anything to replace this in MotiveWave-Ultimate?


Best regards
 
Last edited:
You must log in or register to reply here.
Back
Top