I am an Interactive Brokers customer where the Globex Level II data for ES is included at no extra charge. I am thinking of moving to NinjaTrader Brokerage. With NT, apparently, there is an ongoing extra charge for data (in addition to the commissions and exchange fees). Do I have this right? And it looks like there are at least three choices: Kinetick, Continuum & Rithmic. What are the differences between these three; i.e., what type of trader would typically choose which and what are the price differences? These data differences and fees are not clear on their site.
The CME charges everyone now. Very little for non-Pro. https://www.cmegroup.com/market-data/distributor/files/schedule-5-group-fees-2015.pdf
NT just passes on the CME fees to you when you go with Continuum. Nothing else. Do you really want to trade futures with NT7? NT8 seems to be taking forever.
xandman, thank you for your reply. I'll use Continuum then. But regarding NT, I don't know. Do I "really want to trade futures with NT7?" I just don't know. Please elaborate. I only know IB and TWS.
If you position trade, np. If you are an active trader, there are so many more usable products you can get for free. The NT DOM is a joke. You can't chart spreads and curves. The program was great a decade ago ,but terribly in need of an upgrade. It doesn't even use multi core processors. AMP has over a dozen free platforms and you can try them all. Some of the paid platforms, I would call "pro enthusiast" , ,for the budding HFT developer. I don't really know what you would call pro in the futures business. Platforms have been trickling down to the retail folks. But for muli-portfolio and multi-manager functionality, CQGIC and QTrader is good.
I was about to say CTS looks promising even though I have never used it. For whatever school of futures trading you follow be it Technical, T&S with DOM, Market Profile. They have it all covered including a nice options module. I think their Options quoting are like the "sheets" format that the old school pros use.