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I got the above message that the Interactive Brokers current Market Data scheme is terminating November 30, 2014. (see attached)
In the current non-professional bundle, for $10 you get, among other services, AMEX Level 1, NYSE Level 1, Nasdaq Level 1, along with BATS and other electronic exchanges.
The new package gives you the electronic exchanges for $10, but you have to buy separately the AMEX Level 1, NYSE Level 1, and Nasdaq Level 1 for $1.50 each.
A footnote says that the US bundle alone (which includes the electronic exchanges) does not guarantee display of NBBO. To assure NBBO, you need to subscribe to each of AMEX, NYSE and NASDAQ Level 1.
I am interested in what other traders are doing. I only trade 100 or 200 shares at a time on the NYSE. I mostly trade the IWM. Since I trade a low number of shares, would I be able to get the same execution if I only subscribed to NYSE? Or if I just took the US Value bundle, would I still get good execution using the electronic exchanges without the NYSE Level 1 quote?
Can you help answer these questions from other members on NexusFi?
