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Firstly, my apologies as I know this will have been asked before. I'm hoping the answer is so quick and easy that this will be a short lived thread.
I'm a beginner (of sorts) and I want a CME data feed. That's it. I want a live data feed (primarily for the Emini S&P), I'm based in the UK and I just don't know how to get one.
It's not as if I can just go onto CQG's site, add a data feed to a basket, checkout and that's all done.
I won't be trading live for some time but I do need to practice on a demo. I just don't want a delayed feed. I really need a live one.
Any chance someone can pretend I'm a 10 year old child (I do behave like one sometimes) and describe exactly how I get a feed I can plug into the connections on my platform (ATAS platform)?
Thanks so much.
Can you help answer these questions from other members on NexusFi?
First of all, CME rules require you to either have a funded broker account or to pay the professional fee (currently I believe it's $105 per month ) to access iive CME data, other than for a short (2-week) demo trial. Most brokers will extend the first 2 weeks another two on request, giving you a month, after which they want you to apply for and fund an account.
Yes, it's highway robbery, but it's their game and their rules. CME gets paid as a part of your per-transaction fee, and so they want you to access the data through a broker so you can be making live transactions.
I went to the helpful link provided above by @olobay, apparently provided by the AMP brokerage, and just clicked on the instructions for a Rithmic feed. Sure enough, you can get a 30 day demo of live data, but after that you need to open an account with AMP (or actually, any broker, but this was provided by AMP, after all.) You can't get around this, because it's CME rules.
Actually, you can. One way is to go to many different brokers and ask for their free demo every month. This would be tedious, and not exactly honest, and you would run out of places to go after a time (there are only so many data providers.). Also, if you really want to use ATAS, I don't know how many brokers will offer that. You would be using one of the platforms that the broker provides and is compatible with.
Or, it is possible to just pay the $105 professional fee for data every month, but you probably don't want to (every month is a lot worse than depositing the money once in an account and being able to get it back ). I don't think brokers are going to offer this (the fee goes to the exchange, so there's nothing for them). I have seen it offered by the Sierra Chart trading platform, but that leaves out your ATAS.
Or, you could just open an account with AMP or some other broker. I'm making no recommendations, but I notice that AMP only wants a hundred bucks as a minimum. I don't know if they open UK accounts, but I think they do. So, of course, do many others. And no one says you have to stay in one place forever.
Basically, your only realistic option, after perhaps a few free demo trials, is to have an account at a broker. Find one with a small minimum that opens UK accounts.
Bob.
When one door closes, another opens.
-- Cervantes, Don Quixote
I don't think this is correct. He can just pay for a non-profesional IQFeed data feed and not need a brokerage account but Rithmic is cheaper. When I was using them as my data feed, I had IB as my broker. I did not need any brokerage account if I was paying Rithmic for my data feed. They are cheaper than IQFeed for futures data. If memory serves, it's $50 plus $15 for the CME e-mini bundle. @5lim3r contact RIthmic for a quote.
That's interesting about not needing a brokerage account.
I had hoped I could just sign up for a non-pro feed somewhere. I just didn't know if I absolutely had to open a brokerage account or whether Rithmic, for example, could provide me with a feed.
I tried to find my way through the maze of the CME website just now but gave up in frustration.
I was going entirely by my recollection, which is not always perfect , so I was looking for an external source. I also went to the Rithmic site and was not successful.
I know there have been changes in recent years, but I had the impression that the $105 professional fee if you don't have a trading account was the latest change. I could certainly be wrong, and I don't remember when it went into effect. Assuming I'm not totally wrong, of course....
It would be good to fill in this piece of knowledge if anyone else has the information and/or a link. Also, if @5lim3r does get in touch with Rithmic, it would be good to let us know the outcome.
Bob.
When one door closes, another opens.
-- Cervantes, Don Quixote
I'm embarrassed to see that the "recent" date that this change went into effect was apparently 2014.... It seemed so recent in my memory.
Time does fly.
Yes, as I'm reading this, it does seem that you need a broker account that you can trade through to avoid the $105 fee. That's too bad. I do remember everyone being enraged when they started this, which may be why it seems like yesterday.
Anyway, I hope this answers the question.
Bob.
When one door closes, another opens.
-- Cervantes, Don Quixote