Does anyone know of an affordable Open Tick alternative provider for proper backtesting?
So here we are resuming my research and investigation on the capabilities of a Quant based Java framework like Active Quant. It seems that connection facility into Open Tick is no good as Open Tick is no longer in business. The reason people have decided to go with Open Tick is because of their vast data feed and being affordable. It seems Open Tick are now out of business since Feb 2010. That is a shame so I am on a hunt for alternative.
As being any other dude with a budget of one thousand to two thousand dollars per month, I clearly cannot afford something like a Bloomberg or Active Financial market feed. It has been recommended to look at a few sites which list some Open Tick alternatives. These include:
Based on the first link, there seems to be somewhat affordable market data feed providers. One is listed at sixty dollars a month but goes up to four hundred. I say ouch. None the less, without real market I cannot really forward on any research. Does anyone have any affordable recommendation to go with who might be an Open Tick alternative? Let me know by commenting below.
The other question I have is why did Open Tick go out of business. As according to the second link, a message from Open Tick was sent out. It went something like:
To opentick subscribers, friends, supporters, contributors and the rest of the community…
It has been quite a journey for opentick, and for those of you who have been with us for the ride we cannot thank you enough for the support, contributions and guidance you have given us over the course of the last 5 years. We could not have come as far as we have without you.
However, we are sad to say that the time has come for us to close the doors for opentick. However, this isn’t goodbye. In fact, it’s a new beginning. We will be introducing a fresh service with all the bells and whistles we’ve been slaving on over the course of the last year under a new name, a new website and a new level of service. Check back here in the near future for more information about the forthcoming new company and service. Of course amongst all these changes, there are some things that will remain the same – we still aim to provide a reliable free market data service, with an open architecture for a wide range of software platform support.
If you are a current paying subscriber, this March billing cycle will be your final billing cycle; at your next billing date service will be terminated. If you are a delayed or historical data user not currently paying for service, your account will be deactivated as of Friday, March 20th.
This is why you don’t go with Mickey Mouse operations. But surprisingly, I was surprised Open Tick would have been classified as this. Too bad I say. But stick with the larger operators who you know won’t go out of business. It would be a shame to develop an infrastructure and your broker feed provider goes bust. That would be a mess for your systems you develop. I just wish they were more affordable. Still looking. As said, if you know an affordable one, let me know.NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!