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My solution was to do nothing and wait. BATS and EDGE have merged and subsequently IB has changed its basic data feed over to EDGE. The other exchanges jacked their rates so IB switched to the EDGE feed. NASDAQ Total View and ARCA book data are still available on IB for $25. So, I am now getting NASDAQ, ARCA, EDGE and BATS level 2 book data for the same $25/month.
I fear that IB's time and sales data isn't what it used to be though. I don't think they show all of the trades for all exchanges, but not sure. And IB still isn't tick data but snapshot data (consolidated every .2 secs - I think). Still, for the money, it's a good deal.
Another thought, IB has added trade conditions data into the time and sales feed -
which IQFeed also offers. However, this IB data doesn't appear on the t&S window unless you drag the cursor over the trade - not too practical when it's updating 5x a second. I'd like to know if a large trade was entered through the NTRF or made directly on an exchange, but have yet to devise an indicator for that. Basically, I'm hoping IB will offer more features in its TWS updates.
Finally, if cost was no object, I'd go with Nanex data. The JTools software support for it looks awesome.
I guess at the end of the day you can't beat IB for their retail pricing/ coverage. Nanex are on another level, the way they visually present data is incredible. The stuff Eric Scott Hunsader posts on his Twitter is unreal.