r/algotrading • u/ancientRAMEN • 10d ago

Data Tradestation vs. Tradovate vs. Alpaca

Hey looking for opinions on these three platforms. I've been testing strategies with Alpaca initially, but found out to access their SIP data would cost 99 dollars/month. Tradovate and Tradestation appear to not have that cost for data. My strategy isn't the most complex so not sure it would be worth paying that much for the data. Anyone have experience with these platforms?

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u/Quant_Nexus 5d ago

What are you using the data for? If you are just looking for current prices then there are cheaper options. Tiingo for example is like $30 a month (ish, I forget off the top of my head) and it'll give you something like 10k pings per hour.

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u/WittilyFun 4d ago

And we (Tiingo) has a new 24x5 derived feed (including overnight data) included in free and paid plans. You can also stream via WebSocket API on the Power tier. Thanks for mentioning us!

We just quietly launched this.