Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
If you look at the Kinetick thread, @MetalTrade was talking about the new $70/mo fee for data for Russell as of January 1 2011.
I talked with Jay from Telvent/DTN and he confirmed it. He also said there is no fee waiver for Russel like there is for CME.
So, that covers IQFeed and Kinetick, but I am wondering about Zen Fire. Has anyone talked to their Zen Fire broker to see what they say, are they eating this cost or what?
Looks like there is a difference in the cash index subscription (RUT via NASDAQ) and the exchange pricing data (TF via ICE), right? Similar to CME ES prices are one thing but cash SPX is actually another vendor/charge.
Just a general thought here. This is a really really bad move from ICE. Based on what I've read on the forum, a lot of "smaller" traders liked the TF and these same traders are no way going to pay $70/mo. I mean most of them are getting their platform and data for free, no way would they pay $70 to trade an instrument.
Yes I know there are big players here trading TF too, and to those guys $70 makes no difference. But I can't help but think that ICE has made a pretty big mistake here. I can't recommend TF anymore to smaller/less experienced traders, so I'll have to find a new instrument I guess
Is this some kind of a trend for other instruments ? Clearly they have must analyzed who is trading their TF and they must have decided that they need to do something to get the small guy out of it.
If the small guy is out of the TF, who's money am I going to take then ??