Ironbeam is excited to announce a game-changing update for all traders using our platform. We are now offering Level 2 data, also known as full market depth, completely free of charge. This is a significant upgrade aimed at empowering traders with the comprehensive information they need to make informed decisions in real-time. Traders can now enjoy free market data across all CME/GLOBEX futures, including NYMEX, COMEX, CBOT and more. What is Level 2 Data? Level 2 data provides a deeper insight into the market by displaying the order book, which shows the buy and sell orders at various price levels. Unlike Level 1 data, which only shows the best bid and ask prices, Level 2 data gives traders a more detailed view of market activity, including: Market Depth: See the number of buy and sell orders and the quantities available at different price levels. Order Book: View the queue of orders waiting to be executed, providing a sense of the market’s supply and demand dynamics. Market Sentiment: Analyze the order flow to gauge the strength and direction of the market sentiment. Why is Level 2 Data Important? Having access to Level 2 data is crucial for traders who want to gain a competitive edge. Here’s how it can enhance your trading strategy: Improved Order Execution: By understanding the depth of the market, you can place orders more strategically to minimize slippage and improve execution quality. Enhanced Market Analysis: The detailed view of buy and sell orders allows you to identify potential support and resistance levels, giving you a better understanding of market trends. Informed Decision-Making: With a clearer picture of market liquidity and order flow, you can make more informed trading decisions, reducing the risk of unexpected market moves. Our Commitment to Traders At Ironbeam, we are dedicated to providing our users with the best tools and resources to succeed in the markets. By offering Level 2 data for free, we aim to democratize access to critical trading information, ensuring that all traders, regardless of their experience level, can make more informed and strategic decisions. We believe that transparency and access to information are key to trading success. This latest update is just one of the many ways we continue to enhance our platform and support our trading community. Join the Ironbeam Community If you’re new to Ironbeam, there’s never been a better time to join. Along with free Level 2 data, our platform offers a suite of powerful tools designed to help you navigate the markets with confidence. From advanced charting features to real-time data feeds and intuitive interface, Ironbeam provides everything you need to trade effectively. Sign up today and take advantage of our latest offering. Experience the difference that full market depth can make in your trading strategy. Welcome to Ironbeam, where your success is our priority.
One of our main priorities is enhancing our order flow/volumetric offering. We are releasing the full MBO/Order Book on the Ironbeam DOM in the coming days, and then our focus will be adding features like the ones you are looking for.
Could you give me a break down in costs compared with me using Jigsaw Trading Software via my Interactive Broker account and paying for Level 2 data?
If you were to take advantage of the current Elite Trader promotion, see below for some examples. These would change if exchange/NFA fees were to change. MES: $0.56/side ES: $1.96/side CL: $2.18/side
I am not intimately familiar with IBKR pricing but if you have any questions about any specific fees I am of course happy to help!