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Date/Time: Sat, 20 Apr 2024 10:43:14 +0000



Post From: Is IBKR CME data feed needed too or is Denali CME data feed enough ?

[2023-02-01 21:11:09]
Paqueuc - Posts: 4
Hi,

I'm a new user. I subscribded for service pack 11 today, with CME option for "non professionnal" through Denali data feed.

My broker is Interactive Brokers (IBKR).

I want to trade the ES on Sierra Chart with Denali data feed that will route my orders to IBKR through TWS.

I configured my settings as described here : Interactive Brokers Trading Service and here: Chart Settings: Trade and Current Quote Symbol (text box) (Chart >> Chart Settings >> Symbol >> Symbol menu)

I precise that I was previously using DAS Trader Pro with IBKR and their routing logic to IBKR is not the same as Sierra Chart (they don't use the API and TWS or gateway. I had to sign a contract with IBKR to allow DAS to directly route their orders to IBKR system. It worked flawlessly). With their logic, I didn't have to pay the CME data feed to IBKR (I had delayed data on TWS but it was enough). I only paid the CME data feed to DAS. So I unsuscribded the CME data feed of IBKR.

Here are the logs of a test to put an order on SC. I have the 2106 error which tends to show a data feed problem.

My questions are :

1/ Do I need to re-subscribe live data feed with IBKR to accept my routed orders ? I won't use TWS. I only plan to use SC for charting AND trading. TWS will only be used to check that orders are well executed.
Or
Did I make another mistake in my setup ?

2/ The CME live data feed from IBKR costs me $128/ month. This price looks like a professionnal one... Could this mismatch my "non professionnal" susbscription to the Denali CME data feed ? On IBKR, the account's holder is my holding company (I only trade my own funds, not other people's money). I wonder if IBKR considers me as a professionnal nevertheless...

Thanks for your help,

Best,

Pierre
attachmentTrade-service-logs.txt - Attached On 2023-02-01 21:05:47 UTC - Size: 14.34 KB - 74 views
attachmentMessage-service-logs.txt - Attached On 2023-02-01 21:06:03 UTC - Size: 172.46 KB - 64 views