This is an extension of our previous blog post about The Best Amibroker Datafeed Services in India. In this article, we’ll look at the best Amibroker datafeed services in the USA. Some of the datafeed services we’re going to discuss also work for European and Australian markets.
Our evaluation for the best amibroker datafeed is based on the following parameters:
- Connectivity with Amibroker – The datafeed should provide a plugin to connect with Amibroker in a hassle-free manner
- Accuracy of data – The datafeed should provide accurate data that can be used for live trading as well as backtesting
- Live and Historical Data – Along with the live data, the datafeed should provide an optional source of historical data that can be used for backtesting
- Cost – The cost of data subscription should be nominal
Let’s look at the list we have come up with:
eSignal
eSignal data feed provides lighting fast data from 100’s of Global markets and it integrates seamlessly with Amibroker. It also offers charting and backtesting solutions that you can use independently without Amibroker.
Read this article to connect Amiboker with the eSignal plugin.
Remarkable Features of eSignal:
- Realtime accurate data offering for Stocks, Futures, Options, and Forex for Global exchanges
- Up to 500 symbols supported at a time
- Intraday historical data available based on the plan you chose
- Market depth available as an add-on
- Apart from the data, you also get access to hundreds of technical indicators, a charting and backtesting platform, and real-time connectivity with several other tools apart from Amibroker
Pricing
The pricing depends on the plan you chose – Classic, Signature, or Elite. At the time of writing this article, the Classic plan costs $58 per month or $576 per year.
You can compare the pricing from this link
Pros of eSignal
- Realtime connectivity to Amibroker with backfill feature
- Provides data for multiple stock exchanges as well as Forex
- eSignal platform can be used for charting and backtesting too without any extra subscription
Cons of eSignal
- Cost is higher than average
- During the first and last trading hour when the US stock market opens, some limitation to the amount of historical data you can download is imposed.
Also Read: Amibroker vs TradingView – A Comprehensive Comparison
IQFeed
IQFeed is another popular vendor that provides real-time tick-by-tick data for US and Canadian exchanges (NYSE, NASDAQ, NYSE MKT, Canadian Stock Exchanges). Also, slightly delayed data is available for global stock exchanges as well. It connects to Amibroker through the IQFeed plugin which is included in the AmiBroker setup.
You can refer to this video tutorial for connecting IQFeed with Amibroker.
IQFeed is one of the widely used Amibroker datafeed services in the USA.
Remarkable Features of IQFeed:
- You can add 500 symbols to your watchlist at a time, with an option of increasing to 2500 symbols (for additional cost)
- 180 days of historical tick data, 11 years of intraday 1-minute data, and 80 years of EOD data are available for the US, Canada, and certain global exchanges. No other data vendor provides such comprehensive historical data
- Fundamental data also available for US stocks
- Real-Time streaming news available from various popular news websites
- IQFeed is also compatible with Microsft Excel or OpenOffice.org’s Calc software
Pricing
IQFeed core services start at $99 per month for US and Canadian exchanges. You’ll need to buy an add-on subscription for the F&O data subscription.
Check the detailed pricing structure here
You can also avail a free trial before subscribing
Pros of IQFeed
- IQFeed is probably the best source of historical data for backtesting your systems
- Pricing is justified for the data they provide
- Option to connect with MS Excel is an add-on benefit
- Excellent customer support
Cons of IQFeed
- You’ll find a steep increase in pricing if you subscribe to global exchanges
- IQFeed provides unfiltered data. This means that no tick is filtered out therefore you may see a lot of bad ticks
Interactive Brokers
IB or Interactive Brokers is a very popular stock broking platform that operates across the globe. Apart from their broking solutions, they also offer real-time market data with seamless connectivity to Amibroker.
It’s a trusted data feed service listed on NASDAQ (IBKR).
Connect IB data plugin with Amibroker by referring this tutorial.
Remarkable Features of Interactive Brokers:
- IB supports up to 100 symbols in real-time
- Time intervals that are supported are 15 min,5 min,1-min,15 sec,5-sec, and tick
- It supports up to 30 days of intraday data backfill in 1-minute interval
- Up to 2000 bars backfill in 1-sec interval
- Supports Europe and Asian markets along with US/Canada
Pricing
Delayed data is free of cost. For real-time data, you need to pay on a per quote basis. The current pricing is USD 0.01 per quote request for US listed equities and USD 0.03 per quote request for all other instruments
You can calculate the pricing from this link
Pros of Interactive Brokers
- Singleton platform for trading, backtesting as well as data subscription
- You may get data free of cost if you are only looking for backtesting
- Highly accurate data from a trusted vendor
Cons of Interactive Brokers
- Very complex pricing plans
- Limited historical data available
Final Words
I hope you got a fair idea of the best Amibroker Datafeed Services in the USA. These are the 3 most popular ones that we could test and review, however, you will find numerous other services on the internet. Chose wisely as an accurate datafeed is the backbone of your trading systems
Let us know in the comments section if you found any other Amibroker datafeed, which you think should be featured in this article, we’d love to do so!