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DO Exchange Market Data Fees apply to EOD trading?


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DO Exchange Market Data Fees apply to EOD trading?

  #1 (permalink)
kazz
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Hi, if your trading style is to use end of day charts and data will you still need to pay Exchange Market Data Fees?

Or do these only apply of you are looking to day trade with live data? Thanks.

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  #2 (permalink)
 
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 SMCJB 
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Most platforms I am aware of will not let you trade without live data.

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 myrrdin 
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SMCJB View Post
Most platforms I am aware of will not let you trade without live data.

Interactive Brokers lets you trade without buying live data. You will only receive a warning message with each order.

DeCarley Traing also lets you trade without buying live data. I never bought live data for the ICE, but I am able to trade coffee, cocoa etc.

Best regards, Myrrdin

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  #4 (permalink)
kazz
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myrrdin View Post
Interactive Brokers lets you trade without buying live data. You will only receive a warning message with each order.

DeCarley Traing also lets you trade without buying live data. I never bought live data for the ICE, but I am able to trade coffee, cocoa etc.

Best regards, Myrrdin

Thanks, I take it that you were trading EOD and not day trading?

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  #5 (permalink)
 myrrdin 
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kazz View Post
Thanks, I take it that you were trading EOD and not day trading?

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I usually hold positions for weeks or months. But I also enter trades during the day, eg. placing a limit order for a couple of days and waiting for it being filles. But this should not make a difference to end of day-trading.

I prefer entering trades end of day, as the volume for many commodities is very high.

Best regards, Myrrdin

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kazz View Post
Hi, if your trading style is to use end of day charts and data will you still need to pay Exchange Market Data Fees?

Or do these only apply of you are looking to day trade with live data? Thanks.

Sent using the NexusFi mobile app

You can lower or eliminate your data fees by asking for execution only enablement, but each exchange may have a different charge for that. But, Why would you not want to see live the market you trade? If you already have quotes from one source, that is one thing, but you do wish to have live data to see the markets even if you trade EOD. In my opinion, this is for risk management purposes.

Matt Z
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