Which Market Data Subscription do I Need? (Futures, Stocks, Options)

✅ Open an IBKR Account — Trusted by Serious Investors Worldwide: https://www.verrillotrading.com/ibkr/... 👨‍💻 Frustrated with IBKR? Get Expert Help: https://www.verrillotrading.com/remot... After watching this video you should no longer be confused about what market data to subscribe to. This is a beginner video that goes over how market data subscriptions work and some of the limitations that exist with some markets. This video covers market data but also in general covers data that could be useful for some investors. At 13:11 I said Sierra Chart does not have the Level 2 data for US Stocks. What I meant is they don't have all the Level 2 data, they do have the NQ TotalView which shows the order book on the ISLAND exchange. ➜ VerrilloTrading helps investors learn about software and tools for navigating the financial markets. Subscribe to stay in the loop, new videos every week! 🔔    / @verrillotrading   ✅ Recommended Playlists:    • Interactive Brokers Videos      • Sierra Chart Tutorials      • Financial Hacking and Optimization   📜 Disclosures: VerrilloTrading may have an affiliate relationship and/or another material connection to any persons or businesses mentioned in or linked to in the content above, and may receive commissions from purchases you make on subsequent web sites. You should not rely solely on information published by VerrilloTrading to evaluate the product or service being offered. The content that this channel provides is intended for educational purposes only. Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. The risk of loss in trading commodity interests can be substantial. You should therefore carefully consider whether such trading is suitable for you in light of your financial condition. All content appearing on VerrilloTrading is protected by copyright law. Rebroadcasting or any other commercialized use of our program content is strictly prohibited. 00:00 Info and Software used 01:01 The importance of Data 02:03 Do you need level 2 data? 02:28 Order book example (explained later on) 03:06 Crash Course on Level 1 and Level 2 05:43 My opinion on level 2 data 06:28 What level 2 doesn't show 07:17 Crypto is more transparent 08:05 You don't need data from your broker 08:50 US Stocks Level 1 Data 10:11 US Stocks Level 2 Data 12:37 Cost for US Stocks Data 13:45 What Platform I Use for Futures 14:40 US Futures Data Full CME Group 15:38 Cost of Futures Platform and Data 16:59 Clearing up your confusion 17:54 Stock Options Level 1 Data 18:25 Why I don't recommend options 19:07 Stock Options Level 2 Data 20:11 Cost for Stock Options Data 20:21 Crash Course on the DOM with Market by Order 22:26 Final thoughts