What market data should I use for trading?

Traders often ask us what market data we subscribe to for our trading platforms. As with everything else in trading, traders should choose what works best for them personally, and we suggest revisiting your selections and platforms as your strategy develops or whenever you find that something isn't working for you.


We've provided a list below of the market data Ross typically subscribes to for his own strategy. You can scroll to read more or click to skip to a specific section. 



Please note that prices listed on this page may be different than current pricing charged by these platforms. Please refer to the respective platform websites for up-to-date information and offers.


Warrior Trading members can save on platform and market data fees by subscribing to Day Trade Dash tools which provide real-time market data scanners and charts, complete with news and more. Members can visit our Renewal Information & Chat Room Tools page for subscription information or contact our team. Non-members can check out available offers on our website.

General Market Data Subscription Information


Ross typically does not subscribe to full level 2 data, as he finds that is too much information is displayed for his personal needs. He prefers top-of-book level one data since it should aggregate and display level 2 data in trading platforms. 


If you prefer the full depth of level 2, you could look into Nasdaq Total + Open View.


To receive top-of-book market data for all US Equities, similar to Ross, the following data feeds would be needed:


  • NYSE Level 1- Tape A
  • Amex Level 1 - Tape B
  • Nasdaq Level 1- Tape C


You can reach out to your broker directly to confirm you have these three as part of your market data subscription. Some more specific information is listed below for platforms that Ross uses.


For trading platforms that are not listed below, you may consider the same market data as shown above if looking to trade the strategies we teach with similar data feeds. Some platforms, such as TD Ameritrade's thinkorswim (TOS), do not give the option for subscribers to specify their own data packages.



Sterling Trader Pro 


If you have used our WT Simulator and are interested in having the same kind of market data on your Sterling platform, you can sign up for this same data them by selecting the choices in the image below:


 


This includes data for:

  • NYSE Level 1- Tape A
  • Amex Level 1 - Tape B
  • Nasdaq Level 1- Tape C
  • (Optional if you are trading options) OPRA
  • (Optional if you want news in your platform) unbundled news

Interactive Brokers

Like stated above, you will need to use the three tapes as shown here on the IBKR site:




Lightspeed

On Ross' data subscriptions in Lightspeed, he subscribes the the Level 1 bundle for all US Equities market as shown below:





eSignal

Before switching to Day Trade Dash for charts, Ross subscribed to the eSignal Signature plan. We encourage traders to explore other options to find the best platforms for their personal needs and trading strategy. Click here for a page that can help explore other options. For eSignal subscribers who are interested in Ross' data subscriptions, please see below.


In addition to this real-time data, eSignal includes a live news feed for all users without having to manually add it as an add-on. It was previously a separate add-on, and was then known as Naviga News.




Warrior Trading members can save on platform and market data fees by subscribing to Day Trade Dash tools which provide real-time market data scanners and charts, complete with news and more. Members can visit our Renewal Information & Chat Room Tools page for subscription information or contact our team. Non-members can check out available offers on our website.


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