Broker and data feed recommendation

[vote4pedro]

Greetings,

I'm currently using TradeStation for trading equities and looking to switch to the NT platform.

What is the least expensive route for a brokerage account that will connect with NT and data feed provider of historical and real-time market depth (level II) data for the major US exchanges?

I understand Interactive Brokers will interface with NT and has low commissions but I'm just not sure about the data feed as outlined above. If I can't get it from them what is the next best option?

Thanks!

[NinjaTrader_Jason]

Interactive Brokers supports historical minute and daily data as you can see at the link below as well as market depth.

http://www.ninjatrader-support.com/HelpGuideV6/HistoricalData.html

Unfortunately we do not have information regarding commission costs. I suggest to contact the broker regarding this inquiry.

In addition, you can find all other supported broker partners at the link below.

http://www.ninjatrader.com/webnew/partners_onlinetrading_brokers.htm

[heech]

I asked a similar question earlier this week, and didn't get any feedback. But let me give you my thoughts.

I am also just switching over. I looked closely at IB, to the point of actually requesting a fund transfer for the account. But then I found the IB support forums... and to be honest, it was scary. The huge volume of out-standing support requests, mysterious failures in data availability and execution... it seemed like a nearly daily occurance. (I'm sure that doesn't apply to anyone... but quite a few, especially the more active traders.)

I ultimately decided against IB. I'm choosing to go with TDAmeritrade/Izone, which is also integrated with Ninja. Intraday historical quotes are available back to mid-2007, great for backtesting. I have little feedback about it so far from an execution point of view, because I have yet to go live. But I will say I haven't heard anything bad, the commissions are reasonable, margin handling is reasonable... and if you find the right person (hint: see Quotetracker), you can get pretty darn great support.

[MoreYummy]

I think esignal is the best tick by tick data provider, but it is not the leaset expensive.