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    • Feb 1
    • 2 min read

Setting Up IBKR TWS Market Data Subscriptions for Day Trading: A Step-by-Step Guide

Are you looking to optimize your day trading setup without breaking the bank on unnecessary data subscriptions? We've got you covered. In this guide, we'll walk you through two options to ensure you have the IBKR TWS Market Data Subscriptions you need at an affordable cost.




Option 1: Basic IBKR TWS Market Data Subscriptions for $6/month

  1. Log in to your Interactive Brokers live account via the web interface.

  2. Navigate to your user settings by clicking on your username in the upper menu bar.

  3. Select "Market Data Subscriptions" from the options.

  4. Click on the gear icon to configure your data subscriptions.

  5. Choose "Level I NBBO" and add NASDAQ Network C UTP for $1.5/month.

  6. Scroll down to NYSE data packages and select NYSE Network A, NYSE Network B, and OPRA data package, each for $1.5/month.

  7. Confirm your selections and you're done!


With this setup, you'll have access to real-time data for trading US equities and options at a minimal cost of $6/month. Keep in mind that this option does not include Level II data.


Option 2: Enhanced Setup with Level II Data

If you're interested in Level II data for more in-depth analysis, follow these additional steps:

  1. Return to the Market Data Subscriptions page.

  2. Open the "LEVEL II Deep Book" section.

  3. Select ISE Options, NASDAQ Options Market, NASDAQ TotalView-OpenView, NYSE AMEX Options, NYSE Arca Options, and NYSE OpenBook subscriptions.

  4. Confirm your selections.


This comprehensive setup provides you with Level II data along with the previously subscribed packages, enhancing your trading capabilities.

Remember, the cost of the additional subscriptions varies, but they can significantly improve your day trading experience.


Final Steps and Considerations

Once you've made your selections, review the overview screen to ensure accuracy and completeness. Click "Continue" to confirm your choices.

Keep in mind that some subscription costs may be waived if your account meets certain criteria, such as reaching a minimum commission threshold.

With your data subscriptions set up effectively, you're now equipped to make informed trading decisions.


Good luck, and happy trading!

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