Order Books

baostini

Junior member
34 1
Hello Everyone,

I am about to open my own trading account and have thought about setting myself up with tradestation. I have been told this is a very good program.

Before doing this though, I need to know does trade station have order books? Can you see second level market data on it (such as the bids and offers the market is trading around)? I know trade station has charts and first level data, but I need to know if it has the rest. A lot of my strategies are flow based.

If tradestation does not, does anyone know who the cheapest broker with second level market data is?

Thank You in Advance
 

DionysusToast

Legendary member
5,963 1,499
It does have an order book but it's pretty crap in Tradestation IMO.

They have data too - when I was with them, they weren't part of the CME waiver program, so getting US Futures data was really expensive. That could have changed now though!
 

baostini

Junior member
34 1
Thank You for the quick reply.

What do you mean by pretty crap?

Does it show how many lots are bid and how many are offered per price? How many prices does it show? Can you see every trade that goes through the market or does it not have a price ticker?
 

DionysusToast

Legendary member
5,963 1,499
Well - when you compare to something like XTrader, the DOM in Tradestation is just not as good.

You'd need to see side by side to see the issue.
 

baostini

Junior member
34 1
Oh ok. But the market depth can be seen? Does it cost more than level 1 info?
 

Mr. Charts

Legendary member
7,367 1,184
It's always best to ask the company themselves for that sort of pricing info rather than ask anonymous people on a forum, but DT is an exception, he'll be right ! :cool:
 
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