Don't overlook Direct Edge - has best rates for both removal and posting www.directedge.com
I think you should definitely consider TotalView. It does include some ECN data (All BRUT orders) but it does not include ARCA and INET. But...
More and more firms are starting to offer TotalView, here's a sample: eSignal - now available CyberTrader - now available AlphaTrade - now...
I can't speak for all exchanges, but most (including Nasdaq) charge once per display device/platform. That means if you are getting data through...
The Nasdaq pricing for TotalView should be thought of as how much more it is than Level II (assuming that you're already trading using Level II...
No problem - anyone interested more about TotalView and the recent improvements can look at the attached article from the June issue of Active...
Warren - I don't know when you last checked TotalView out, but it has become a lot more valuable in the last 6-9 months. You mention ECN books...
The moderator is correct to point out, when looking at Nasdaq market data, TotalView is what you should be asking for. To make sure people know...
You are right about BRUT being willing to improve on their rates, but I'd disagree whether there are any trade-offs. One of the positives of Brut...
is the acronym for the old Nasdaq SelectNet system, which hasn't existed for a couple of years (since SuperMontage came out).
Using alanm's terms, BRUT's base rates: -.002 to add OTC/ETF/NYSE .0027 to remove OTC/ETF/NYSE .004 to take OTC/ETF/NYSE routed away Brut...
Thanks for the kind words re my post. To answer the follow up questions: 1. Yes, the UTDF feed (even the prints of the regional exchanges)...
It depends on what data feed(s) the quote vendor is giving. Nasdaq's main feed is called "NQDS", which gives you each the best quotes of each...
Brut is faster, has better rates to add and remove, sub-pennies for low-priced stocks like SIRI, and posts in and routes to SuperMontage and other...
The institutional broker is for their buy-side business (agency trading, soft dollars, etc.). The idea of Instinet ECN goes away completely. No...
Yes - quotes and prints are different. Brut quotes still in SuMo and Brut and BOSX quotes are different. However, all BOSX prints to the tape...
BRUT - all BOSX prints are from BRUT
Merging the books will only anger customers that like the unique features of each system. Here's two things that I've heard: a. Combined...
Separate names with a comma.