As I am testing OEC Trader platform against other platforms including TD Ameritrade
which I am using for live trading, I couldn’t help but notice that OEC’s data feed is much faster
I understand that although TDA is a great full retail broker, their data feed and quotes are lagging
dramatically next to OEC’. I was comparing both DOM’s using all major stock indices and during
very fast market conditions the speed difference is harder to catch with an naked eye but I realized that during the after hours / night session when the volume and trading activity slows down, one can observe how much faster the quotes tend to update on the DOM with OEC.
I was able to notice a visual lag of up to 1 full second between OEC and TDA. That is a massive difference
when it comes to potential fills. I think it may have to do with the fact the TDA (so I read) bundles market data and pushes out packets of trades where is OEC may be providing clean and unfiltered data. Am I correct?
Just wanted to mention it as I am more and more liking the speed and the functionality of OEC’s product.
Any inputs would be well received.