Market Data Access

[Andrew from Jersey 18]

What is NASDAQ Total View? Does this data package include Time/Sales, aka "the Tape"? 

What other market data access services or packages should a day trader be using? 

I hope this post helps others understand market data access. 

[KyleK29 256]

NASDAQ TotalView is the Full Depth Order Book data for NASDAQ, it includes Level 1, Level 2, and all quotes / transactions (time & sales).

Others are: ARCA (NYSE), BATS/EDGA/EDGX, and then an assortment of smaller ones.

Each data feed is the main feed for a particular exchange(s), so TotalView would have more complete data on NASDAQ stocks. 

 

Edited June 13, 2020 by KyleK29

[Andrew from Jersey 18]

Thanks for the explanation @KyleK29. I really appreciate it. Once CMEG switches my platform from Sterling to DAS, I'm pretty sure I'll be asking for Level 1, Level 2, NASDAQ Totalview, and ARCAbook, as my market data accesses to receive. 

[KyleK29 256]

2 hours ago, Andrew from Jersey said:

Thanks for the explanation @KyleK29. I really appreciate it. Once CMEG switches my platform from Sterling to DAS, I'm pretty sure I'll be asking for Level 1, Level 2, NASDAQ Totalview, and ARCAbook, as my market data accesses to receive. 

 

If you have no intention to do Options, just go with the same package setup as the BBT one. Otherwise, you can do the $150 (Non-Pro) DAS data package and swap out the options for the ARCABook at the same price.

[Andrew from Jersey 18]

@KyleK29 

I have no intentions of trading options at this time. You're saying I can ask CMEG/DAS that I would like to swap in the ARCAbook data access for something I'm already paying for?