Do I need Level II data

NexusFi · 2016-12-10T12:44:58-05:00

Hello everyone, I have a very basic question. Am still finalizing on my platform / Data feed. I want to make this call before I invest hundreds of hours in mastering the platform. Once decided, no turning back. Having said that, am currently leaning towards NT8 / Kinetick combo. With regards to this, I would like to know if I really need Level II data. As part of my setup, I will be using Volume Profile, Footprint and other usual suspects like MACD, Range bars, etc. Am not ready to use a DOM yet. To start with, …

Discussion in NinjaTrader

Updated December 10, 2016

Do I need Level II data

December 10th, 2016, 12:44 PM	#11 (permalink)
pipsmart Toronto, ON / Canada Elite Member Experience: Intermediate Platform: Sierra Chart Broker: IQ Feed Trading: Emini ES, Currency Futures & US Treasuries Posts: 12 since Nov 2016 Thanks Given: 6 Thanks Received: 5	Hi Sam028, I wanted to subscribe for Market Delta. I heard from Trevor that they don't support IB anymore because CQG can't route to IB as CQG has their own internal routing network. So, I went on a chat with IB. They said they are not aware of this. I went back to Trevor who confirmed again that MD cannot route to IB because of CQG. If you look at MD website, there is still an article that talks about connecting MD to IB dated couple months back. I guess this all changed recently which Trevor confirmed they need to be taken away. I know few clients of MD that either switched Brokers to stay with MD or switched charts to stay with IB. Hope this helps.