Choosing the Right Market Data Feed

Reliable market data is the lifeblood of every futures trader. Whether you are scalping the E-mini S&P or managing a large portfolio of commodity positions, the speed and accuracy of your data feed can mean the difference between a winning trade and a missed opportunity.

At Ironbeam we connect traders and Introducing Brokers to a variety of professional data feeds and also provide our own proprietary platform. Each option offers unique strengths, pricing, and technical features. Here is an in-depth look at the five leading choices available through Ironbeam.

Ironbeam 

The Ironbeam Platform delivers a complete trading and data solution in one package. It is built and supported entirely in-house, so you get direct connectivity, competitive pricing, and seamless integration with your Ironbeam account.

Key Advantages

• Direct market data and order routing with minimal latency
• Real-time analytics, customizable charts, and intuitive trade management tools
• No platform fees or market data fees
• No need for third-party integrations, keeping costs and setup time low
• Mobile, web and desktop access
• Advanced order types including OCO, bracket orders, trailing stops and more
• API access and integration capabilities

Best for traders who want a fully integrated platform with reliable market data and direct support from their clearing firm.

You can learn more about our industry leading platform here: Futures Trading Platform | Ironbeam Futures

CQG

CQG is one of the most established names in futures data and order routing. It is known for its broad global coverage and highly stable network.

Key Advantages

• Robust infrastructure with decades of proven reliability
• Wide range of charting and analytics tools
• Extensive exchange coverage, ideal for traders who follow multiple asset classes
• Historical data
• Multi-platform compatibility
• API and FIX connectivity

Best for active traders and institutions that value a long track record of uptime and need access to a broad set of global markets.

Rithmic

Rithmic focuses on ultra-low latency and is favored by many high-frequency and algorithmic traders.

Key Advantages

• Fast order routing and data delivery
• Multi-Platform compatibility
• Detailed depth-of-market data and risk controls for professional traders

Best for scalpers and algorithmic traders who need the fastest possible connection and advanced market depth. 

Learn more about our Rithmic connectivity here: Rithmic Futures Trading Platforms – Ironbeam Futures

Sierra Chart Denali/Teton

Teton is a newer entrant built for efficiency and cost savings while maintaining strong performance. It was developed with direct exchange connectivity and minimal infrastructure overhead.

Key Advantages

• Competitive pricing with no per-trade routing fees
• Direct CME connectivity for low latency
• Optimized for Sierra Chart users and traders who want a straightforward, streamlined setup

Best for cost-conscious active traders who primarily trade CME products and use platforms like Sierra Chart.

Learn more about our Teton and Sierra Charts connectivity here: Sierra Chart Futures Trading Platform – Ironbeam Futures

How to Decide

When selecting a market data feed or integrated platform, consider the following:

– Trading Style: High-frequency traders benefit from Ironbeams’s speed, while swing traders may prefer CQG’s broad analytics and coverage.

– Exchange Access: If you trade only CME products, Ironbeam’s direct connectivity and lower cost can be attractive.

– Integrated Solution: If you want direct support and fewer moving parts, the Ironbeam Platform offers a single source for data, execution, and service.

– Budget: Factor in monthly fees and any per-trade routing costs.

Ironbeam can help you evaluate each feed and the Ironbeam Platform itself based on your specific needs. Our team will walk you through connectivity options, pricing, and platform integration so you can focus on trading with confidence.

Final Thoughts

The right market data feed or integrated platform can sharpen your edge in the futures markets. Whether you prioritize global coverage, ultra-low latency, cost savings, or an all-in-one solution, Ironbeam provides the connections and support to keep your trades running smoothly.

Contact our team to discuss which market data feed or the Ironbeam Platform is the best fit for your trading style and platform preferences.