IQFeed is a market data service, that provides real time and historical market data to day traders. IQFeed is not a brokerage, so a trading account is not required, and their market data is available to all day traders, regardless of the brokerage being used.
Available Markets
IQFeed offers real time and historical market data for all US exchanges, a few European exchanges, but no Asian exchanges. For the exchanges that they do offer, their markets include futures markets, options markets, and stock markets. IQFeed's market data is organized by exchange, so once a trader has subscribed to a particular exchange, they will have access to all of the market data for that exchange. Some of the most popular exchanges that IQFeed offers, and the type of markets available, are as follows :
US Exchanges
- CBOT - Futures, and Options
- CME - Futures, and Options
- NYSE - Stocks, Indices, and ETFs
- NASDAQ - Stocks, Indices, and ETFs
- AMEX - Stocks, Indices, and ETFs
European Exchanges
- Eurex - Futures, Options, and Indices
- Euronext - Futures, Options, and Indices
Market Data Fees
IQFeed's market data fees include a basic monthly fee of $50, a non US fee of $25, the exchange fees, and a processing fee of $2 to $4 per exchange. Exchange fees vary from one exchange to another, but are usually low for non professional traders (individual day traders not affiliated with a financial company). Examples of IQFeed's market data fees are as follows :
US Stock Exchanges
- AMEX, NASDAQ (level 1), NYSE - $62 per month
- AMEX, NASDAQ (level 2), NYSE - $89 per month (basic fee increases to $70 for NASDAQ level 2)
US Futures Exchanges
- CBOT (ECBOT), CME (GLOBEX) - $80 per month
- CBOT (ECBOT), CME (GLOBEX), NYMEX - $135 per month
European Futures Exchanges
- Eurex, Euronext - $94.50 per month
US and European Futures Exchanges
- CBOT (ECBOT), CME (GLOBEX), Eurex, Euronext - $124.50 per month
Market Data Interface
IQFeed's market data feed is received via their IQFeed API (programming interface), which supports both TCP/IP (sockets), and DDE (Excel). The API consists of several interface programs and a communication protocol (rather than a programming library), and can therefore be used with any programming language (C/C++, Java, etc.). The API enables market data to be used by independant charting software. Further information regarding the IQFeed API can be found at IQFeed's developer web site.
Additional Information
Further information about IQFeed's market data, including a market data fees calculator, can be found at their web site.
