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I'm back - where to get good data for DOM?

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RobinHood

RobinHood

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I'm setting up Ninjatrader with Jigsaw DOM. Would like to play with SFE bond futures, Emini's, US treasuries, Eurex stuff like DAX and the bund/bobl/schatz, kospi and maybe energies. I plan on just staring at the DOM so I want to make sure I have good data. I can't afford TT.

I've looked and have basically found two options.

Kinetic data which is going to cost me quite alot
Deposit some dosh at IB and use their data

How good is the IB data for DOM watching?
I remember staring at the HSI DOM a while back which was totally useless and I also remember huge discrepancies in T&S and DOM for a few other contracts (maybe it was the SPI).
 
Welcome Back!
The best low cost option IMO is to open an AMP Futures account .Its $400 to open a live account and it gives you free data including SFE with no exchange fees.It uses CQG data as well which is top notch.:xyxthumbs
 
waza1960 said:
Welcome Back!
The best low cost option IMO is to open an AMP Futures account .Its $400 to open a live account and it gives you free data including SFE with no exchange fees.It uses CQG data as well which is top notch.:xyxthumbs
Click to expand...

No Kospi with AMP Waza...:(
 
RobinHood said:
I'm setting up Ninjatrader with Jigsaw DOM. Would like to play with SFE bond futures, Emini's, US treasuries, Eurex stuff like DAX and the bund/bobl/schatz, kospi and maybe energies. I plan on just staring at the DOM so I want to make sure I have good data. I can't afford TT.

I've looked and have basically found two options.

Kinetic data which is going to cost me quite alot
Deposit some dosh at IB and use their data

How good is the IB data for DOM watching?
I remember staring at the HSI DOM a while back which was totally useless and I also remember huge discrepancies in T&S and DOM for a few other contracts (maybe it was the SPI).
Click to expand...

IB filters their data, it's called snapshot data, it means they are only sending some of the information. If you are going to trade based on DOM you need real tick data, and Kinetick is an excellent source of tick data.
 
Trembling Hand said:
Why :confused:
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Because I've been following nobsdaytrading course advice and it advised to work with/master DOM first before moving onto other skills. I don't know anything else (apart from T.A which I think is ineffective), haven't followed markets in years, and his general advice seems solid/reasonable to me.

Thanks guys I'll check out AMP!

So frustrating with IB - years back I was trying to learn to read the DOM by using IB data so I guess it was all for nothing.
 
So I seem to be limited to AMP (CQG) and Kinetic if I want data good enough to be able to learn patterns off the DOM. Otherwise, I have to pay for TT/CQG. If I pick up a few instruments to concentrate on I could always pay some data then use IB for all other charts.

CanOz how are you getting your Kospi data?

TH I remember you were using IB a while back.. were you still using them to read DOMs in your markets?
 
RobinHood said:
CanOz how are you getting your Kospi data?
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I'm not getting any Kospi or HSI data, there are no retail suppliers with level II, other than IB...

Interactive Brokers is fast, but not accurate. For me,that results in white prints on the tape that are not even assigned on the DOM, it seems worse at some times more than others. I also use bid/ask tools to gauge the pressure being put on the market and these tools need accurate data.

From the Rancho Dinero site...


. Interactive Brokers: While the IB feed is super-fast, its volume data is sampled and compressed ..
Click to expand...

At the same time, I have to give weight to TH's opinion that the data doesn't make as much of a difference when just using the DOM, but perhaps that is due to his experience in the pattern and flow of orders hitting the market.

I would like to sort out this debate once and for all one day though.

CanOz
 
Gringotts Bank said:
Can I ask everyone's thoughts on DTN IQFeed data?
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I can't use it because the level II data separates from the level I data and I get a price or print, away from the inside bid and ask. This happens because of latency. If you are close to the exchange or have a super fast static connection you might be fine. CQGs data stays synced for me, even through the GFW. IQFeed is generally viewed as the best data on the market, Kinetick is the NT branded version of it.

CanOz
 
CanOz I guess if you are using it to get some sort of calculation then of course you need perfect data. It would be like back testing using yahoo EOD crap but if you are just looking at it all day and taking discretionary trades then I can tell you there is no advantage over have a direct FIX connect as I now do.

What annoys me about IBs futs data is they don't filter out enough. You get all the rollovers which are of zero use ticking through and then when you do a re-load they are not included.
 
CanOz said:
I can't use it because the level II data separates from the level I data and I get a price or print, away from the inside bid and ask. This happens because of latency. If you are close to the exchange or have a super fast static connection you might be fine. CQGs data stays synced for me, even through the GFW. IQFeed is generally viewed as the best data on the market, Kinetick is the NT branded version of it.

CanOz
Click to expand...

Thanks. Would you say IQFeed is best (price/quality) if you were not wanting to read the DOM?
 
Gringotts Bank said:
Thanks. Would you say IQFeed is best (price/quality) if you were not wanting to read the DOM?
Click to expand...

Actually If you don't need level II then take a look at using IB or even eSignal.

Really depends on what you want GB. I need a little more detail.....is it futures or equities? Are you only using a chart, or the time and sales? With IB, the price is accurate and fast in times when the market is fast, but I am 100% sure the volume is not completely reported.

TH, I will see if I can set up some kind of comparison using my screens to show you what I mean.

Cheers,


CanOz
 
All this stuff about IB being no good is a bit strange to me.
Click to expand...

IB would be the best broker for futures trading no doubt:xyxthumbs

Thanks. Would you say IQFeed is best (price/quality) if you were not wanting to read the DOM?
Click to expand...

You guys are getting away from the issue IMO............

IB disadvantages= $10k to open an account / Not suitable for the inexperienced/Is data free?/Is data good enough?

The only reason I recommended AMP was you got free (except for opening a live account)high quality data (Propex use CQG)no exchange fees and included SFE .
I have no idea of how AMP are as a broker etc but for $400 to open a live account it seems the best way to go to
learn trading and of course with NT you get a sim account, A good combination IMO.

As far as the Kospi goes well you are simply not going to get one solution which covers everything aren't the other 100's of futures enough to sim on?:2twocents
 
Gringotts Bank said:
Thanks. Would you say IQFeed is best (price/quality) if you were not wanting to read the DOM?
Click to expand...

For what markets? The reason i ask is that eSignal might be cheaper for some of the Asian only markets.

IQFeed is amoung the best data providers out there.

CanOz
 
CanOz said:
For what markets? The reason i ask is that eSignal might be cheaper for some of the Asian only markets.

IQFeed is amoung the best data providers out there.

CanOz
Click to expand...

That's fine. I just wanted to check he wasn't using a second rate data supplier. Commodities and index futures.
 
Gringotts Bank said:
Not sure. The reason I ask is I'm hoping to have someone trade for me (someone who knows about futures unlike me), and he tells me he uses IQFeed, which I'd have to pay for indirectly.
Click to expand...

Gringotts Bank said:
That's fine. I just wanted to check he wasn't using a second rate data supplier. Commodities and index futures.
Click to expand...

I'm intrigued GB. tells us more. Short term/longterm? System or disc? Guaranteed capital or you carry the risk? Years trading OPM?
 
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