EBS Datafeed Question

[EBS Datafeed Question]

just checked with EBS, it's a service they provide. Didnt know that!! thanks sneo

[EBS Datafeed Question]

you could set up a firm, then use one of the banks that are on EBS network as the counterparty to all your trades. Its called Prime on Prime service. Then you can have EBS on your end with trades subject to your credit limits.

 

really? I didnt know that. so would most of prime brokers provide that kind of service? this is of huge value.

[How Can You Tell the Good from the Bad?]

As a trader your job is to determine the marginal change in supply and demand. Price moves not because of the fundamentals of the company, price moves because millions like you buy into that fundamental story of the company. so as a trader your job is to determine how many more millions of people will continue to buy into that story or how many more millions of people are trying to get out of that story.

So I think the right direction for you if you want to be a profitable trader is to find out if there's some workable way to do that.

 

I have found many websites with regards to analysis and so forth.

Many give their view of stocks. Which to buy, which to steer clear.

How can I be sure the authors are "for real"?

 

For example: todaysfinancialnews.com

 

I know, I must do my own dd by reading a companies chart and making my own decisions. However, being new, I don't know what all I should be looking for, therefore, I am wanting to trust others to point me in the right direction.

[EBS Datafeed Question]

Interesting... I was not aware of that. I guess what you could do is setup a LLC for a few hundred dollars and then subscribe to CQG as a professional?

 

no...you need EBS authorization. EBS will only release to interbank who are connected to their trading system

[EBS Datafeed Question]

Just talked to CQG, not suprisingly, EBS is only feeded to interbank and will not provided to private traders...

 

Just recently learned about EBS. Using CQG, I am able to receive EBS datafeed for currencies. When comparing charts I see that EBS charts are alot more smoother with less noise. In combination with tick volume, I am able to read volume for EBS data.

 

Do most traders here have accesss to EBS data? I understand EBS is not available to everyone? If so, why not? Why would anyone trade Foreign Exchange without EBS datafeed when there is clearly an advantage for those have access to it? Thanks

 

Chart below shows side by side comparison.

 

[How Much Does Xtra3000 Cost? +EBS and D2 Feeds]

300Extra is like $1300 per month I think. This package includes market data as well. However, EBS datafeed is only available to insitutional clients. If you want EBS datafeed for yourself, try CQG for example. Around $700/month plus exchange fees and EBS is available to anyone.

 

Does CQG give you tick data for Reuters Dealing 2000 ccys like AUD NZD and GBP SGD? can I have a private chat with you please?

[EBS Datafeed Question]

Smwinc, are you able to get realtime tick volume from reuters?

 

Aight James, sorry with the slow reply man, been busy as a one legged man in an arse-kicking contest.

 

Spoke to rep from ICAP (EBS) - data is price changes only.

 

You can get the actual volume, but you need to be trading through them. Not really a viable option.

 

In my opinion, the better setup is CQG & Reuters 3000 Xtra.

 

I spoke to my "trainer" from Reuters on setting up a few things - they really do have sweet features.

 

Do you still use Reuters?

 

For trading FX, my setup now is:

 

- screens for CQG

- screen for Trading Technologies (i.e. your order execution ladders)

- screen for Reuters:

--> Reuters screen for your fundamentals/news & spot/forward/etc pairs. Real-time & historical volume, T&S with counter-parties, etc.

[How Much Does Xtra3000 Cost? +EBS and D2 Feeds]

Does anyone know how much would a Xtra3000 + EBS +D2 datafeed with tick volume will cost? I tried to contact Reuters' sales but they said realtime data would not be provided to individuals??