Rithmic data is affordable for futures traders with no latency on the CME. What about brokerage costs and minimum funding requirements?
Here are some more details on Rithmic: from my member:
To use the Rithmic data, you need to have a funded account with the associated brokers. The cost of
Rithmic R|Trader Pro is $25 per month, but need to consider the commission extra for using the
Rithmic data per trade. I don’t know how long you can use the R|Trader pro without trading, I guess
that would depends on individual broker.
Rithmic is CME specific I think, so no spot forex only futures.
I will report back once I find out. I am trying to find out minimum funding requirements.
Is Rithmic R|Trader Pro new excel function better than IQFeed with lower latency being on the CME?
From a member:
Hi Bryan, I will be using Rithmic R|Trader Pro new excel function to export data into
dynamic excel spreadsheet by click of a button. Rithmic data center is located in the
same building as the CME exchange, therefore is known to be able to have really low
latency in nano seconds, as compare to IQFeed which is 1ms tick to order.
Then import into SQL database, looking at your csvwatcher.cs at the moment.
Interesting new competetiion which is good but I just reinvested into my IQFeed API license.
NOTES: I have dug further into this, the Rithmic R API seems to be $100/month but not to be used f
brokerage. Do realize this is from 2008.
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Rithmic appears to be rubbish. Not enough sales people to handle institutional queries?
Wow, what garbage services (or lack of) to supply an army of sales of people to handle potential customer queries. I don’t see what the hype is with this junk company if they cannot handle simple questions at 9:30 AM on a working day. I need to move on. What would their service be like? Or better yet their operations? I say junk. Avoid and move to the competition.