Reliability of Market Depth
Reliability of Market Depth
23 Apr 2014, 23:01
How reliable is the Level II Depth of Market data feed? From where does it originate? Is it aggregated data, and if so, to what extent?
I am also wondering if this data should be taken as a true picture of full market depth.
Most ECN brokers will charge you a large monthly fee for a connection to a real-time level II data stream!
Doesn't the fact that this platform, and brokers who use this platform offer it for FREE might be a strong indicator that its quality is compromised? Sadly, I am tending not to trust it. Is this a logical position to hold?
Any commentary on this would be very useful.
Thanks.
Replies
AlexanderRC
24 May 2014, 12:00
RE:
Spotware said:
Market depth is provided by LP connected to the broker. Please contact your broker for additional information.
The fact that cTrader and cAlgo provide access to Level-II prices shows the transparency of our platforms.
In cTrader and cAlgo you can find detailed information about every deal including the Market Snapshot - the state of market depth at the moment of triggering.
When that snapshot is taken? When cServer sends request to LP or when acknowledgement from LP is received that the request has been executed?
@AlexanderRC
Spotware
26 May 2014, 13:58
RE: RE:
AlexanderRC said:
Spotware said:
Market depth is provided by LP connected to the broker. Please contact your broker for additional information.
The fact that cTrader and cAlgo provide access to Level-II prices shows the transparency of our platforms.
In cTrader and cAlgo you can find detailed information about every deal including the Market Snapshot - the state of market depth at the moment of triggering.
When that snapshot is taken? When cServer sends request to LP or when acknowledgement from LP is received that the request has been executed?
When cServer sends request to LP
@Spotware
olddirtypipster
26 May 2014, 20:59
RE: RE: RE:
Spotware said:
AlexanderRC said:
Spotware said:
Market depth is provided by LP connected to the broker. Please contact your broker for additional information.
The fact that cTrader and cAlgo provide access to Level-II prices shows the transparency of our platforms.
In cTrader and cAlgo you can find detailed information about every deal including the Market Snapshot - the state of market depth at the moment of triggering.
When that snapshot is taken? When cServer sends request to LP or when acknowledgement from LP is received that the request has been executed?
When cServer sends request to LP
Hmmm... well, is it possible with cAlgo, to obtain non-aggregated level II data from all your participating banks/data providers? If so, what would this look like? Could you provide a snapshot in your next reply/
@olddirtypipster
Spotware
24 Apr 2014, 09:20
Market depth is provided by LP connected to the broker. Please contact your broker for additional information.
The fact that cTrader and cAlgo provide access to Level-II prices shows the transparency of our platforms.
In cTrader and cAlgo you can find detailed information about every deal including the Market Snapshot - the state of market depth at the moment of triggering.
@Spotware