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Direct MessagesDate/Time: Wed, 15 May 2024 21:25:56 +0000
Post From: DTC simple C++ project
| [2022-03-02 14:02:38] |
| 1+1=10 - Posts: 270 |
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Hi Aknsyu, This question gets asked a lot; in fact, I asked it in a thread that is hidden. The basic answer is that the CME, which is the exchange the majority of SC users are trading on, has different licenses for a trading-related company to use data versus distributing data. The following link from the CME shows their licensed data distributors. It includes CQG, DTN (which provides IQFeed), TT/Trading Technologies, Barchart, Tradestation, etc. (I don’t see Rithmic but possibly under a different name.) There’s even a few FCMs such as RJO and Phillip Capital: https://www.cmegroup.com/market-data/licensed-distributors.html CME lists the fees for data distribution at the link below. Note that CME, CBOT, NYMEX, & COMEX are considered as separate exchanges so you need to times the fees by 4. The annual fee for real-time data distribution is $24,900 per $exchanges * 4 = $99,600! https://www.cmegroup.com/files/download/cme-market-data-fee-list-jan-2022.pdf All the non-distribution fees are much lower —- <$4,000 for all exchanges annually. The data distributor companies all either charge more for data, or charge an order routing fee ($0.10-$0.25 contract), or are FCMs so charge commissions ($0.20-$0.60) per contract. SC charges very low rates for their data currently. Perhaps someday they will employ one of the aforementioned income generating models to make it worthwhile to pay the data distribution fee but I suspect as they have been successful focusing on being a rock-solid trading platform this may never happen. It should be noted, SC would be happy to distribute the data if they didn’t have to pay the large fee. For instance, you can get live Eurex data through DTC. SC’s answers tend to very concise on this sort of question which is why I chimed in. For example, see: Can I use my sierra feeds on my Jigsaw platform? Date Time Of Last Edit: 2022-03-02 14:11:40
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