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Old Aug 7th, 2012, 10:51 PM   #1
johnstac
 
 
Join Date: Feb 2006
Posts: 69
I'm using Ninja Trader and IB but I need tick data that IB does not provide. Thing is I'm only paper trading so I'm trying to keep expenses low. Kinetick is $50 a month. Anything cheaper than this that I can use with Ninja Trader?
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Old Aug 25th, 2012, 02:19 PM   #2
nocloud
 
 
Join Date: Apr 2011
Location: Boston
Posts: 68
Kinetick is pretty deceptive. It says $50/month, but if you tack on more symbols, add some reasonable options (such as level II), and then add in exchange fees, you're looking at maybe $150/month. Then, there seems to be a hard limit of 500 symbols. That was a dealbreaker for me. I think if you want a reasonable data feed, you have to spend some $$, in the $300-500 range.
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Old Aug 25th, 2012, 02:28 PM   #3
Random.Capital
 
 
Join Date: Jan 2005
Posts: 3,848
Why do you feel you need tick data?
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Old Aug 25th, 2012, 08:19 PM   #4
johnstac
 
 
Join Date: Feb 2006
Posts: 69
Quote:
Quote from nocloud:

Kinetick is pretty deceptive. It says $50/month, but if you tack on more symbols, add some reasonable options (such as level II), and then add in exchange fees, you're looking at maybe $150/month. Then, there seems to be a hard limit of 500 symbols. That was a dealbreaker for me. I think if you want a reasonable data feed, you have to spend some $$, in the $300-500 range.
I ended up signing with Kinetick but I don't understand much about the hard limit of 500 symbols and what that means. I think with the CME waiver, I am paying about $65 or so. I bought the NYSE, Nasdaq level 1. I won't be using it much for now.
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Old Aug 25th, 2012, 08:20 PM   #5
johnstac
 
 
Join Date: Feb 2006
Posts: 69
Quote:
Quote from Random.Capital:

Why do you feel you need tick data?
I primarily use tick charts as opposed to minute. Prefer the 2000 tick.
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Old Aug 25th, 2012, 08:47 PM   #6
Tonkadad
 
 
Join Date: May 2002
Posts: 680
I use Sierra Charts with IB and exclusively use vol charts. I compared IB's vol charts against IQ Feed and the differences were minimal.

Over the long term it balances itself out.

Compare your IB tick charts to Kinetick tick charts and see if the difference affects your style of trading then make your decision.
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