ActiveTick
Author: Eugene
Creation Date: 8/5/2020 5:13 AM
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sedelstein

#1
Got the info on developer and links to DTN IQ data feed. Rather pricey. Active Tick (activetick.com) is more reasonable. Any chance Developer will work with that? Wondering if it's time to learn Python finally
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WLP123

#2
QUOTE:
Active Tick (activetick.com) is more reasonable.

@sedelstein Thanks for pointing this out.

QUOTE:
Any chance Developer will work with that?

I second this request -

1. IQFeed data quality doesn't seem to be everything it's touted to be based on 1 week of testing already (buyer beware!) After subscribing and getting access to the full historical feed, data quality issues are emerging frequently. E.g. minute level/intraday data for some prior years does not even match the daily data at all for some symbols (not within daily bar range), and some symbols do not even have the full daily history (within the range that IQFeed claims to provide) - i.e. bars are completely missing in the feed beyond a few years for some symbols.

2. IQFeed charges $7/month exchange fees for Level 1 data from NASDAQ (and other exchanges), however activetick seems to be able to charge only $1/month (for Non-Professionals). One would think "exchange fees" are fixed by the exchange and simply passed on to the subscriber and therefore should be the same across the board? $6 difference isn't much, but a 600% increase for no good reason is.

3. And of course, perhaps most importantly, the monthly fee itself is much lower with activetick. So even if activetick has other idiosyncracies in their data quality (probably will), at least we wouldn't be paying through the nose for it.

Please consider.
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Eugene

#3
No offense but when data was part of the Fidelity package it was sort of taken for granted. And the high per-user data costs in the first place and its usage figures (to which the many seasoned WLP users have contributed by sending orders via ATP) ultimately made Fidelity cancel WLP. :/

We had reviewed ActiveTick some 9 years ago and at that time they did not cover Futures and international markets and had an outdated COM API. That was one of the downsides since we have customers in many dozens of countries around the world. A few years ago they added HTTP API and started providing CME futures data but IQFeed still has a better futures coverage (CBOT, COMEX, Eurex...). Saving a few bucks every month to the customer is of course a worthwhile incentive but Developer accounts at ActiveTick would also require us to maintain a monthly subscription which ranges from $50 to $295/mo.

Fact is, our manpower is limited. While AT may certainly be worth exploring and considered as a possible future enhancement provided there's sufficient community interest, let's focus on improvements to our existing line of products first. Robert is already working hard on upgrading the IQFeed provider to support the latest API version, fix issues and add requested features. As for IQFeed's usually great data quality, you can report issues to the IQFeed team and I believe they should listen and correct them.
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WLP123

#4
QUOTE:
No offense but when data was part of the Fidelity package it was sort of taken for granted. And the high per-user data costs in the first place


Keep harping on this if it makes you happy (even though the thread has nothing to do with Fidelity data). Truth is, large brokers like Fidelity have a blanket agreement with data providers regardless of users, (which are probably mostly still active through ATP and getting the exact same data feed anyway). The high cost for Fidelity was the contract agreement with MS123, NOT data cost per user. That's the reality. You can continue to punish WLP legacy customers by such statements, but that won't win you any long-term trust.
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Eugene

#5
QUOTE:
The high cost for Fidelity was the contract agreement with MS123, NOT data cost per user. That's the reality.


Your statement is an outsider's speculation but isn't something unexpected. It's not MS123 that is happily replaced with a cost-effective SM321 team. Fact is, the product is decommissioned. You don't kill the goose that laid the golden eggs.

But I take your estimate of our contract agreement as high cost to Fidelity as appreciation of our hard work.
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WLP123

#6
QUOTE:
as appreciation of our hard work

That's why most of us have signed up for WLD regardless of transition issues. Recognition for the tool and the support.

Point is, data feed itself doesn't need to have the high cost you seem to think is appropriate, and actively working to provide viable alternatives (like ActiveTick) rather than being dismissive, is in the mutual interest of MS123 and your newly minted WLD customers.
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superticker

#7
QUOTE:
DTN IQ data feed. Rather pricey. Active Tick (activetick.com) is more reasonable.

QUOTE:
... our manpower is limited. While AT may certainly be worth exploring and considered as a possible future enhancement ..., let's focus on improvements to our existing line of products first.
I totally agree with both sentiments! MS123 would get more WLD users if they offered cheaper data sources. But WLD needs to offer at least one Cadillac data-feed solution for users that don't care so much about price. The question remains how to balance these two objectives?

We probably need more people working on this to get it done in a timely way. I certainly thought about writing a brokerage plug-in to allow WLD to trade on Fidelity accounts. Having to switch back-and-forth between WLD and ATP to trade without two monitors is a problem. And the switching process introduces trading errors. Not ideal.
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Eugene

#8
ActiveTick is not discarded. We're open to ideas for viable data provider alternatives submitted by our paid customers. It's just that at the moment the team has higher priorities.
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