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Date/Time: Fri, 23 Feb 2024 17:28:34 +0000

Post From: Jan 1, 2021 Changes to Historical Data: Interactive Brokers, CQG

[2020-11-27 07:12:25]
Sierra Chart Engineering - Posts: 104368
Price Comparisons

Sierra Chart platform price: 18USD/month to 36USD/month

With the range of capabilities and performance that Sierra Chart offers, Sierra Chart is the absolute lowest price there is especially during a time of very high inflation.

There simply is not a cheaper platform available with the feature range that Sierra Chart offers.

Market data costs:

Denali Exchange Data Feed: 20-25 USD/month plus exchange fees.

It is 20 USD per month when using the Sierra Chart Order Routing Service . For complete information about the service, and the advantages as compared to CQG and Rithmic and Interactive Brokers for futures trading:
Sierra Chart / Trading Technologies Futures Order Routing Service

CTS market data: 25 USD/month plus .25 or .50 per contract per side. Order routing cost must be considered because this is how these services earn their money.

TT market data through the TT platform: 50 USD/month +.30 per contract per side.

Rithmic market data: 20 USD/month +.25 per contract per side.

CQG market data: 15 USD/month for data access for Sierra Chart + 25 USD/month for historical data (Current contracts only and slow data delivery and not accurate bid volume or ask volume) + 25 USD/month for the web-based trading panel + $0.10 per contract per side. Total 65 USD per month! Now your broker may subsidize part of this and not pass the costs on to you. However in that case, the reason they are able to do this is with the trading commissions that are paid to them. So CQG is earning $0.10 per contract per side, and your broker is earning a substantial commission as well. We here at Sierra Chart earn none of this. And yet we are subsidizing all of this with our historical data which we receive no recognition for, and all of the problems with CQG and other services are dumped on us regularly. This is not a situation we are going to continue with any longer.

CQG is clearly the most expensive service, and delivers far less market data capabilities, than the Sierra Chart/Denali Exchange Data Feeds.

All of the above services have limited historical data capabilities and other limited capabilities with market data.

The final objective, out of all of this, is for Sierra Chart to provide you the best quality services, direct from us, at the lowest cost and that is what we are doing and achieving. One of the final components of this, is direct CME order routing which has no dependency on CQG, TT or anyone.
Sierra Chart Support - Engineering Level

Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy:

For the most reliable, advanced, and zero cost futures order routing, *change* to the Teton service:
Sierra Chart Teton Futures Order Routing
Date Time Of Last Edit: 2020-12-28 20:52:20