Name: Which Market Data Subscription do I Need? (Futures, Stocks, Options)
Uploaded: 2023-07-04T12:45:03+00:00
Duration: 23 min 6 s
Description: After watching this video you should no longer be confused about what market data to subscribe to. This is a beginner video that goes over how market data subscriptions work and some of the limitation

10 months ago

After watching this video you should no longer be confused about what market data to subscribe to. This is a beginner video that goes over how market data subscriptions work and some of the limitations that exist with some markets. This video covers market data but also in general covers data that could be useful for some investors.

Learn more about Ironbeam for Trading Futures: 🏦
https://www.ironbeam.com/verrillo-trading

Learn more about my recommended Stock Broker: 📈
https://www.InteractiveBrokers.ca/mkt/?src=verrilloy5&url=%2Fen%2Fwhyib%2Foverview.php

➜ VerrilloTrading focuses on helping investors navigate the tools, methods, and specific issues related to trading.

Subscribe to stay in the loop, new videos every week! 🔔
https://www.youtube.com/channel/UCz4hZwlhjYM3DQTxVfukAeA?sub_confirmation=1

Software used for Trading, Market Data & Automated Trading:
https://www.sierrachart.com

At 13:11 I said SC does not have the Level 2 data for US Stocks. What I meant is they don't have all the Level 2 data, they do have the NQ Totalview which shows the order book on the ISLAND exchange.

💎Telegram Channel💎
https://t.me/VerrilloTrading

✅ Recommended Playlists:

https://youtube.com/playlist?list=PLePBf4ZtCKhpovbIfv85Ks3-rvyNtAwsg
https://youtube.com/playlist?list=PLePBf4ZtCKhqBGXyB1v4xvZiMju6NQlIw
https://youtube.com/playlist?list=PLePBf4ZtCKhq0cVloJ-a8FIS2XdAbjKzG
https://youtube.com/playlist?list=PLePBf4ZtCKhpOPE9vq6Gj6WhLHiTZ9Wbw
https://youtube.com/playlist?list=PLePBf4ZtCKhpHxZCy9cI9mpbPUk3QR_D9
https://youtube.com/playlist?list=PLePBf4ZtCKhrxBJZKrkC81dCZViFAf4bB

✅ Recommended Videos:

📜 Disclosures:

VerrilloTrading may have an affiliate relationship and/or another material connection to any persons or businesses mentioned in or linked to in the content above, and may receive commissions from purchases you make on subsequent web sites. You should not rely solely on information published by VerrilloTrading to evaluate the product or service being offered.

The content that this channel provides is intended for educational purposes only. Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. The risk of loss in trading commodity interests can be substantial. You should therefore carefully consider whether such trading is suitable for you in light of your financial condition.

All content appearing on VerrilloTrading is protected by copyright law. Rebroadcasting or any other commercialized use of our program content is strictly prohibited.

00:00 Info and Software used
01:02 The importance of Data
01:57 Do you need level 2 data?
02:28 Order book example (explained later on)
03:06 Crash Course on Level 1 and Level 2
05:43 My opinion on level 2 data
06:31 What level 2 doesn't show
07:17 Crypto is more transparent
08:05 You don't need data from your broker
08:53 US Stocks Level 1 Data
10:11 US Stocks Level 2 Data
12:38 Cost for US Stocks Data
13:45 What Platform I Use for Futures
14:41 US Futures Data Full CME Group
15:38 Cost of Futures Platform and Data
17:01 Clearing up your confusion
17:54 Stock Options Level 1 Data
18:25 Why I don't recommend options
19:08 Stock Options Level 2 Data
20:11 Cost for Stock Options Data
20:21 Crash Course on the DOM with Market by Order
22:26 Final thoughts