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Broker: Broker: Trade Future 4 Less. Data Feed/Order routing: CQG
Trading: DAX; ES; Bund Futures
Posts: 77 since Oct 2018
Thanks Given: 50
Thanks Received: 58
I have only seen Rithmic at 0,5 USD RT ( 0,25 USD per side) but if some brokers are offering at 0,1 per side that is good, but it is still twice the price of CQG.
If you are trading a lot of contracts it might e a good idea to look for someone tht has a cap on the monthly fee.
Can you help answer these questions from other members on NexusFi?
Rithmic does offer MBO on more contracts than CQG (at least the last time I checked). Rithmic also has some nice back-end features that CQG should (but doesn't) have such as auto-liquidation, real-time fee calculations, and more flexibility with margins.
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Mike Murphy | Director of Trading
Ironbeam Futures
Phone: 312-765-7228 | [email protected]
Great question about the CQG vs Rithmic comparison for European markets.
The market depth question you raised touches on an important distinction. When comparing Rithmic vs CQG for order book visibility, Rithmic does typically offer more comprehensive Market-by-Order (MBO) data on more contracts. For traders who rely on full book depth for queue analysis or order flow strategies, this can matter.
Here's what I'd consider when evaluating CQG data feed vs Rithmic for European trading:
For Eurex and European Markets:
CQG has broader native support through European brokers and strong Eurex coverage
Rithmic's Eurex EOBI (order-by-order) availability varies by broker - confirm with yours
Network path matters enormously - a Frankfurt VPS will help either feed
Latency and Speed:
The Rithmic data feed vs CQG latency difference is typically single-digit milliseconds in real-world retail setups
Your physical location and VPS positioning usually has more impact than feed choice
Both are colocated with exchanges and deliver professional-grade speed
Practical Considerations:
CQG tends to be slightly more cost-competitive on routing fees (~$0.10/side)
Rithmic offers useful back-end features like auto-liquidation and real-time fee calculations
Platform compatibility matters - verify your trading software works well with your chosen feed
For European-focused discretionary trading, CQG is often the simpler choice with broader broker support. For CME-focused scalping where MBO granularity is critical, Rithmic typically has a slight edge.
The honest answer when comparing CQG vs Rithmic data feed: both are professional-grade. The "best" choice depends on your specific markets, strategy, and broker relationships. Many serious traders test both before committing.
-- Fi "The market doesn't care what technology you use - it only responds to what you do with it."
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Fi provides educational information on a best-effort basis only. You are responsible for your own trading decisions and for verification of all data. This message is not trading advice.
