Best way to configure futures trading NT8

Discussion in 'Professional Trading' started by jktrader16, Dec 21, 2016.

  1. Hi I am wondering what is the best way to setup NT8 for trading futures for my needs. I wish to setup up an automated strategy to trade across 12 futures products. I don't need tick data, just live data to trade on and historical data from which I can construct minute bars. If I use IB, will I even require a data provider or does live and historical futures data stream to NT8 for free?

    I already have a multi-broker license for NT8 so the RT commission is $0.53/contract if I start a futures account with them through Dorman Trading or Phillips Capital, but I will require a data provider at ~$50/month. Will I not receive this discounted rate if I trade through an IB account and be charged $0.85/contract?

    Ultimately, what would be the cheapest/best way to setup this account and in what situations do I require a data provider?