Top of Book v. Depth of Market Data
Top of Book (Level I) Data
Top of Book data, or Level I data, displays the current best Bid and Ask price for a market, as well as the volume of working orders on the Bid and Ask . Below is an example of how a DOM would look with Level I data:
Level I data is often used by traders who only trade with Charts, or traders who do not have a need to pay higher data fees to get Level II data.
Depth of Market (Level II) Data
Depth of Market, or Level II Data, displays the current best Bid and Ask for a contract, as well as additional levels of working orders for that market. The number of levels displayed can vary by data feed. Rithmic data, for example, provides unlimited depth on all contracts unless the depth is restricted by the exchange. Most data providers will provide 10 levels of Bid prices, and 10 levels of Ask prices with Depth of Market data. An example of Rithmic's DOM with Depth of Market data can be seen below:
Market Data Costs
Non Professional Data Professional Data Rithmic Rithmic API Fees: $20/m (Per login - Plugin Mode supported) API Fees: $20/m (Per login - Plugin Mode supported) Market Data Fees* Full Depth Top of book Market Data Fees* Full Depth Top of book CBOT: ...
What is Rithmic's Market by Order (MBO) data?
With Rithmic, you get high quality MBO data and are not required to pay additional usage fee with every platform that connects to Rithmic. With MBO Data, you gain access to the following data feed advantages: Full Depth of Book: MBO improves the ...
Pros and Cons for Rithmic data
In our opinion, please find some pros and cons of the Rithmic data feed below: Pros: High quality Market By Order (MBO) data Full market depth - More than 10 levels of depth are visible with Level 2 data Access to a permanent demo account with live ...
How to Switch Data Providers
Edge Clear partners with many data feeds, each of which may be differentially suited to the needs of a trader. Edge Clear wants to make it as easy as possible to find the right data feed for your trading needs. To see a list of the data providers ...
Financial Data for FCMs
Futures commission merchants (FCMs) and retail foreign exchange dealers (RFEDs) must file monthly financial reports with the CFTC's Division of Swap Dealer and Intermediary Oversight (DSIO) within 17 business days after the end of the month. To view ...