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Correct...IQFeed does not route orders. IQFeed is strictly a data feed. We feed our data into over 80 commercially sold software programs like - Ninja Trader, Sierra Charts, Multicharts, etc. These software programs that we feed our data into DO have the capability of placing trades with many brokers. As far as the Globex Non-professional Globex exchange fee waiver program goes...it is a very simple, no-cost, procedure for the broker to become qualified. Send them to me I will help them.
simply attempting to groom a key detail for newer retail traders like myself that do not understand which provider nuance belongs to whom, not updating the futures.io discount list can basically help to waste valuable setup time with a broker so hopefully an asterisk or some type of definition can be applied to that futures.io discount page for your services
tbh im really bummed, the trial feed is working great but im not in a position to take advantage of it quite yet,
time will tell
Level2 data provides extra order book on your DOM (or liquidity chart such as Bookmap or Jigsaw Vista). Traditionally this was ten layers of order depth up and down from the inside bid/offer, but some exchanges now have extended depth for products, such as Crude oil where you can now see a lot further out. Not sure whether it is the full book or 100 levels or so but multiples of the original either way. Without Level2 you only have visible the inside bid/offer.
DTN IQFeed is a data fee provider not a broker, as the original poster was confused about. Therefore you have to pay for data. Non pro exchange fees are the fees you pay if not a pro, criteria specified by the exchange, in the same way your broker, if you have one, and every broker; asks you/have asked you to declare whether you are pro or non-pro when you subscribe to the exchange feeds you want data for. The non-pro exchange fee waiver program is for people using DTN IQFeed who have a brokerage account and are already paying for data so they get a discount as they are subscribing for the same data twice. Non-pros don't get the exchange fee waiver on the extra data feed.
You do not win as a trader, you just get to play again the next day. If that game doesn’t appeal to you then you should not trade. Gary Norden
Maybe reading comprehension isn't your strong point. I said "I personally do not see what the 20 usd fee called "RT US Futures Entitlement" is for?"
RT stands for real time. So DTN is charging 20usd for REAL TIME Entitlement which should be included in either market depth or non-pro exchange fees. The reason we pay for market depth or non-pro exchange fees is ....because we want real time data...
Yeah well I read his response before he edited it out. He didn't try to help. He stated that he doubted I had any trading experience based on me not knowing what level 2 or non-pro cme fees are.
If he would have actually read my question about what exactly....RT US Futures Entitlement actually means, and my question had nothing to do with level 2 or non-pro fees are.
Ive contacted IQ Feed and they have yet to give me an answer besides "it's like cable, you add on fees after the basic service"....BUT what is the basic service fee of 80usd if it isn't to receive REAL TIME quotes?
IQFEED Answer to Question 5 - I apologize for our pricing structure being a turn off to you. But we felt that it would be an even bigger turn off for customers if we increased our price so that they had to pay for things they didn't want. We've found that most customers prefer to pick and choose what they do want.
Thank you for your time. If you have any further questions, please let me know.