Need Guidance on Data Feed After CQG Demo Account

[williamwong4]

Hi everyone,

I'm currently in the middle of a 14-day trial period with MotiveWave, and I've been using a CQG demo account. However, I just learned that after the trial, I won’t be able to use the CQG demo account anymore. This means I need to find a suitable data feed moving forward.

I focus exclusively on trading the E-mini S&P 500 (ES), which is why a CME data feed is suitable for me. I plan to use the Volume Imprint's ladder to analyze transacted bid/asks within shaded candles, along with TPO and VWAP.

My question is: should I opt for the top of book (Level 1) data feed from CME, or would the depth of book (Level 2) be more beneficial for my analysis?

Any insights or recommendations would be greatly appreciated!

Thanks!

 

[igor.s]

When you open a real account with your broker you may be offered either Rithmic or CQG feed for a small fee. If that feed is not what you need you can buy additional data feed either from IQFeed or dxFeed. Nevertheless, your starting point is your broker.

cheers.

 

[williamwong4]

When you open a real account with your broker you may be offered either Rithmic or CQG feed for a small fee. If that feed is not what you need you can buy additional data feed either from IQFeed or dxFeed. Nevertheless, your starting point is your broker.

cheers.

Thanks for your help. I am trying to apply for an account with AMP Futures, as I see their CME Level 1 data feed is only $3. Thank you for your reply.