CRAP!!! I was destroyed by an API before I even knew what it was! This technology stuff moves too fast for us old timers...
Can anyone recommend a broker who can supply the NYSE OpenBook data feed for something more reasonable than $5k/month? No replies about how useless the data is please.
If you go to www.nyxdata.com/openbook you will see that it is the NYSE charging the $5000. Every broker has to pass on the NYSE fee.
But up until recently Genesis wasn't. It also didn't cost close to $2k/month for last sale and inside quote data. I'm sure there are brokers out there that don't charge these fees (yet?).
The $5k fee is what the Data Vendor pays to get the data from the NYSE. The $60 fee is what customers like myself pay to the NYSE for the data. Data Vendors pay around $1,000 a month to NYSE for Level 1 data. I am not sure how much the regular Openbook costs vendors, you can look it up. But I would guess that $5k is a large increase in price so a number of Data Vendors may not give access to the Ultra OpenBook because it is too expensive and will only offer the regular OpenBook as they currently do.
Are you talking about getting OpenBook on a single stock at one time, or the entire OpenBook feed for every stock at once, or something in between (e.g. a limit of 200 symbols)? $5k/month wouldn't be bad for the entire feed (but how would you receive it without a high-bandwidth fibre service or colo, which I think Genesis can provide, as well?). On the other hand, $5k would seem steep to me for a single stock at a time; there must be cheaper alternatives for this, e.g. RealTick Pro.
I'm just looking to get OpenBook via an uncrippled feed for 1 or a small set of symbols at this point.
I think RealTick offers what you want, but for $260 -- that's for $200 RealTick Pro, which you'd need if you want the API, plus $60 for the OpenBook fee. http://www.realtick.net/v2_getpage.asp?subnav=true&page=subs_proo_feat