I'm in the process of selecting appropriate broker/trading platform and data feed to trade. Have studied my way through the first 3 pages of threads in 'Intraday' section and made a summary of some of the alternatives out there - i thought i might contribute to the site in listing my summary here (contribution in terms of saving time for someone else rather than contributing new data :cheesy: ) - note that the list is by no means complete, may contain errors and includes personal views - anyways here it is:
ProRealTimeThis is a data-feed providing which can provide very selective data e.g. only certain specific indices and/or futures prices – hence the price/product of data feed is a lot higher however the total cost of the data-feed becomes cheaper if you are only trading a few products and are not in need of having data for hundreds/thousands of symbols.
Cost for my products likely to be well below max 100 euros/month.
www.prorealtime.com
eSignalData-feed and trading platform - Most applicable one seems to be eSignal Premiere ($115/month plus exchange fees) – proper trading platform – popular– no problem re US data – delays/errors occur from time to time with UK & European data
www.eSignal.com
Interactive Brokers (IB)Offers trading platform with real-time data flow – called Trader Work Station [TWS or IB TWS] – No fee for the platform but need to pay for the exchange data unless trading a certain level of volume per month
www.interactivebrokers.co.uk
MyTrackis an online broker and data-feed– option to subscribe to their data services without being a broker client – does not seem as good as eSignal and/or qcharts – MyTrack Platinum ($95/month) is an option
www.mytrack.com
QuoteTrackerReal-time quotes and technical indicators – QuoteTracker is the trading platform – data-feeds come from various sources – the platform is free but you then need to pay for the data-feeds
http://www.quotetracker.com/qsources.shtml - this is a good list of various data-feeds (most of the recommended data-feeds cost only $20/month)
www.quotetracker.com
QChartsThis is a proper trading platform with analytical tool and Level II data. There are two packages of interest – priced at $95/month (QCharts) and $115/month (QCharts Plus) per month plus exchange fees. There is also the QCharts MetaStock Pro package – which combines QCharts Plus and Meta Stock – for $200/month.
www.qcharts.com
IQ FeedThis is a data-feed compatible with many trading platforms. Fees range from $20-$100/month
www.iqfeed.net
Prophet ChartsTechnical Analysis and Charting software – I have used this product as part of my OptionsXpress package - $30/month for the basic package (equities only) – which includes real-time prices and charting/analysis functionality - $50/month to include futures data
www.prophet.net
Digital Look- The Investor CentreApparently this site provides real-time data for free – need to register with the site first. Consider it but given that it is free, you need to question the likely quality of the data.
http://static.digitallook.com/proshareclubs/marketlivesplash.htm
London Money MarketThis is another (apparently) free real-time data site. Consider with caution! Again you need to register with the site.
http://www.londonmoneymarket.com/
QuoteSpeedA UK-based data provider – also provide a trading platform – prices start from £250/quarter (£80/month) – data/platform is split as securities/derivatives/money markets
It seems to be tailored for corporate clients
www.tenfore.com
Quote.Com – LiveChartsThis is a very basic real-time charting service priced at $10/month. This looks similar to the Prophet charts.
www.quote.com
Market Center LiveStreaming real-time quotes with charting functionality - $30-$50/month plus exchange fees – looks okay – not a trading platform
www.marketcenterlive.com
CQGThis is an elite (and expensive trading platform) – i think all the futures traders in my previous arcade used CQG platforms
www.cqg.com
RTSThis is also an elite trading platform – Cost was £700/month but presumably that’s discounted via the arcade. i used this platform extensively
www.rtsgroup.net
ProQuoteUK data source and trading platform – cannot view a platform demo – no pricing information either
www.proquote.net
Real Tick– gives an excellent presentation of the trading platform offered. What is the cost of the platform for a non-professional user? Do traders generally register as professional or non-professional?
www.realtick.com
MarketAspectsData-feed is from DTN Market Data Services (DTNMDS), which provides the IQFeed. It is a trading platform - $45/month including data – the platform looks crap – in this case you get what you pay for – not a lot – the charts don’t look good and there is no focus on real-time trading
www.tradesignals.com
Data Bull– one-off 99 euro subscription to get snap-shots downloads (i.e. not a continuous data feed)
www.databull.com
Velocity Futuresx Trader– very advanced trading platform , $500/mth option and $1,300/mth option
www.velocityfutures.com
Trade Station 8.0Trading Platform with analytical capabilities, brokerage capabilities, automated trading, $100/month, free if exceeding volume threshold, does not include the data-feed
www.tradestation.com
TradeStation 2000i is a software tool that assists in backtesting strategy ideas and then the software auto-trades strategies into a real-time trading platform.
www.tradestation2000i.com
Bloomberg - £1,000/month – data feed and news and endless research source
Reuters – similar product to Bloomberg
Equis QuoteCenter – this is a Metastock product – the quote center seems to be an add-on for the Metastock product – provides both delayed and real-time data
Metastock – trading software – analytical software with back-testing capabilities – Metastock for EOD ($99/month), Metastock Pro for real-time ($235/month for software and data) - Metastock for eSignal feed $1,695 – Metastock for QuoteCenter feed $1,395
www.equis.com
Sierra Charts
Financial Market Charting and Trading Software – US$130/year – useful for chart analysis – no data feed included – the charts can be set to update with real-time data – good software for traders using charts
www.sierrachart.com
Tick Plus Data
www.tickplusdata.com – provides accurate historical tick data for a variety of products
FuturesSource
Real-time data and analysis tools – does not look like the site suitable for me – too many offers, free trials, product variety – difficult to find the prices
www.futuressource.com
Hyperserver
Software that allows data feeds that is not compatible with a particular trading platform. For example TradeStation 2000i normally does not work with data feed X – thanks to Hyperserver data-feed X can be used for TradeStation 2000i.
Comstock
Comstock is a data provider covering nearly every market in the world – prices are not given – looks expensive – more suited to corporate clients?
www.comstock-interactivedata.com
ADVFN
Provide a variety of services for data and software. Many traders have had trouble canceling subscriptions with this company. Hence this would be one company to avoid!!
www.advfn.com
Livecharts
Provides live charts – demo shows delayed data – no info on real-time data-feed prices
www.livecharts.co.uk
Yahoo! Real Time Quotes
Equities data only, stock screener, news - $14/month
http://billing.finance.yahoo.com/realtime_quotes/
ProRealTimeThis is a data-feed providing which can provide very selective data e.g. only certain specific indices and/or futures prices – hence the price/product of data feed is a lot higher however the total cost of the data-feed becomes cheaper if you are only trading a few products and are not in need of having data for hundreds/thousands of symbols.
Cost for my products likely to be well below max 100 euros/month.
www.prorealtime.com
eSignalData-feed and trading platform - Most applicable one seems to be eSignal Premiere ($115/month plus exchange fees) – proper trading platform – popular– no problem re US data – delays/errors occur from time to time with UK & European data
www.eSignal.com
Interactive Brokers (IB)Offers trading platform with real-time data flow – called Trader Work Station [TWS or IB TWS] – No fee for the platform but need to pay for the exchange data unless trading a certain level of volume per month
www.interactivebrokers.co.uk
MyTrackis an online broker and data-feed– option to subscribe to their data services without being a broker client – does not seem as good as eSignal and/or qcharts – MyTrack Platinum ($95/month) is an option
www.mytrack.com
QuoteTrackerReal-time quotes and technical indicators – QuoteTracker is the trading platform – data-feeds come from various sources – the platform is free but you then need to pay for the data-feeds
http://www.quotetracker.com/qsources.shtml - this is a good list of various data-feeds (most of the recommended data-feeds cost only $20/month)
www.quotetracker.com
QChartsThis is a proper trading platform with analytical tool and Level II data. There are two packages of interest – priced at $95/month (QCharts) and $115/month (QCharts Plus) per month plus exchange fees. There is also the QCharts MetaStock Pro package – which combines QCharts Plus and Meta Stock – for $200/month.
www.qcharts.com
IQ FeedThis is a data-feed compatible with many trading platforms. Fees range from $20-$100/month
www.iqfeed.net
Prophet ChartsTechnical Analysis and Charting software – I have used this product as part of my OptionsXpress package - $30/month for the basic package (equities only) – which includes real-time prices and charting/analysis functionality - $50/month to include futures data
www.prophet.net
Digital Look- The Investor CentreApparently this site provides real-time data for free – need to register with the site first. Consider it but given that it is free, you need to question the likely quality of the data.
http://static.digitallook.com/proshareclubs/marketlivesplash.htm
London Money MarketThis is another (apparently) free real-time data site. Consider with caution! Again you need to register with the site.
http://www.londonmoneymarket.com/
QuoteSpeedA UK-based data provider – also provide a trading platform – prices start from £250/quarter (£80/month) – data/platform is split as securities/derivatives/money markets
It seems to be tailored for corporate clients
www.tenfore.com
Quote.Com – LiveChartsThis is a very basic real-time charting service priced at $10/month. This looks similar to the Prophet charts.
www.quote.com
Market Center LiveStreaming real-time quotes with charting functionality - $30-$50/month plus exchange fees – looks okay – not a trading platform
www.marketcenterlive.com
CQGThis is an elite (and expensive trading platform) – i think all the futures traders in my previous arcade used CQG platforms
www.cqg.com
RTSThis is also an elite trading platform – Cost was £700/month but presumably that’s discounted via the arcade. i used this platform extensively
www.rtsgroup.net
ProQuoteUK data source and trading platform – cannot view a platform demo – no pricing information either
www.proquote.net
Real Tick– gives an excellent presentation of the trading platform offered. What is the cost of the platform for a non-professional user? Do traders generally register as professional or non-professional?
www.realtick.com
MarketAspectsData-feed is from DTN Market Data Services (DTNMDS), which provides the IQFeed. It is a trading platform - $45/month including data – the platform looks crap – in this case you get what you pay for – not a lot – the charts don’t look good and there is no focus on real-time trading
www.tradesignals.com
Data Bull– one-off 99 euro subscription to get snap-shots downloads (i.e. not a continuous data feed)
www.databull.com
Velocity Futuresx Trader– very advanced trading platform , $500/mth option and $1,300/mth option
www.velocityfutures.com
Trade Station 8.0Trading Platform with analytical capabilities, brokerage capabilities, automated trading, $100/month, free if exceeding volume threshold, does not include the data-feed
www.tradestation.com
TradeStation 2000i is a software tool that assists in backtesting strategy ideas and then the software auto-trades strategies into a real-time trading platform.
www.tradestation2000i.com
Bloomberg - £1,000/month – data feed and news and endless research source
Reuters – similar product to Bloomberg
Equis QuoteCenter – this is a Metastock product – the quote center seems to be an add-on for the Metastock product – provides both delayed and real-time data
Metastock – trading software – analytical software with back-testing capabilities – Metastock for EOD ($99/month), Metastock Pro for real-time ($235/month for software and data) - Metastock for eSignal feed $1,695 – Metastock for QuoteCenter feed $1,395
www.equis.com
Sierra Charts
Financial Market Charting and Trading Software – US$130/year – useful for chart analysis – no data feed included – the charts can be set to update with real-time data – good software for traders using charts
www.sierrachart.com
Tick Plus Data
www.tickplusdata.com – provides accurate historical tick data for a variety of products
FuturesSource
Real-time data and analysis tools – does not look like the site suitable for me – too many offers, free trials, product variety – difficult to find the prices
www.futuressource.com
Hyperserver
Software that allows data feeds that is not compatible with a particular trading platform. For example TradeStation 2000i normally does not work with data feed X – thanks to Hyperserver data-feed X can be used for TradeStation 2000i.
Comstock
Comstock is a data provider covering nearly every market in the world – prices are not given – looks expensive – more suited to corporate clients?
www.comstock-interactivedata.com
ADVFN
Provide a variety of services for data and software. Many traders have had trouble canceling subscriptions with this company. Hence this would be one company to avoid!!
www.advfn.com
Livecharts
Provides live charts – demo shows delayed data – no info on real-time data-feed prices
www.livecharts.co.uk
Yahoo! Real Time Quotes
Equities data only, stock screener, news - $14/month
http://billing.finance.yahoo.com/realtime_quotes/
