Real time streaming prices and Level II access
The portfolio page is excellent, with customisable views & any column sorting. Big thing missing is live streaming prices. Yes I know it would cost money, but I currently pay £24 p.m. to MoneyAM for live streaming portfolio prices + Level 2, and it's worth every penny.
Would be amazing if eventually Stockopedia could include this too, along with live news, then I wouldn't need to use other websites much, if at all.
Hi, we are considering this – it will be a function of there being enough demand given the other level 2 offerings available, so please encourage others to vote for this if you’d like to see it happen.
See also our comments here: http://help.stockopedia.com/knowledgebase/articles/47083-are-your-prices-quotes-real-time-
I would also be interested in live & L2 prices, but as others suggested, if you can give a rough price that would be great. Thanks
Kay Hallows commented
I'd love to see Level 2 data here to have more of the information I'm after in one place. I currently subscribe to the Quotestream service via Interactive Investor which I find has an excellent customisable interface. It costs £24 per month incl VAT which I think is reasonable. The downside is that it is only desktop software and cannot be viewed on a phone or iPad. I have tried Level 2 from ADVFN but I find the website very messy and dislike the adverts. I have recently tried Level 2 from SharePrice which is also owned by Interactive Investor - this is awful. Very slow and with incomplete data.
N S commented
I'd sign up now if stkpdia offered this. Have been using sharescope but I much prefer the Stkpdia screener (the colouring system makes a hugh difference in the speed at which you can absorb the whole picture.)
ADFVN sucks, clunkiest advert ridden website I've ever used.
I have "some" level 2 through IG.com on the L2 dealer platform which they only charge £7 a month for the feed, but rebate if you make 1 trade a month. Problem is you can only look at L2 on stocks they offer it on and not every stock.
I fear this could be a distraction for Stocko to add such trader-type features (I would vote it down if I could).
Couldn't you get a deal with a trader-oriented website where you make a combo sub that's cheaper than two separate subscriptions? You can have some integration in the UI (e.g. a button on a stock's page that sends you to the corresponding page on the other site). In exchange of the discount both sites get cross promotion.
Or alternatively get a deal with someone of the type "your L2 my fundamental reports" where you white-label each others' respective offerings and just include that in each other's standard subscriptions.
Definately putting my vote in for this too. Is there somewhere i need to do it formally ?
i personally don`t need it. It would only make sense to me if stockopedia gets a high quality charting solution first, how suggested in another thread. And then it depends on the price. But investing in US and most parts of Europe it would get very costly, maybe 200 eur per month. I think it would be more suitable to daytraders and i don`t know why someone who does intraday business would use stockopedia anyway.
HL give live prices free on their watchlists, if you have an account with them and if you choose to switch it on.
Market level 2 data: display the order book for popular stock exchanges.
Even though this is not a trading website, to invest in less liquid stocks it would be useful to have access to the corresponding order book.
It would be brilliant if you could include live streaming of prices and Level 2. I would happily subscribe to this since it would provide me with a one-stop shop for my share research and portfolio management.
There's still a big gap in the market here for someone to actually do this properly.
I have previously used ADVFN for live streaming - it's expensive and the website is terrible. It's out-dated and - even as a subscriber - you constantly get pop-up windows/adverts. Also, as mentioned by others, ADVFN are a pain to unsubscribe from. I'd advise people to avoid ADVFN at all odds - they're an old-fashioned company and it's only a matter of time before someone shoves them aside by providing a proper solution.
The one attraction of using ADVFN was its mobile apps which are actually quite good. Having decided to leave ADVFN last year, the only other company providing an iPad app with live streaming and Level 2 was Shareprice. Whilst it's not the greatest company either, it does work and it's half the price of ADVFN.
In summary, I believe you should pursue this opportunity and also ensure that you make it mobile compatible (ideally with a separate app!)
I would rather use you as your UI is so beautiful!
I pay £130 per month to eSignal for live prices. It's too expensive. If live streamimg prices could be included in Stockopedia it would be worth a (smallish) increase in subscription. I would abandon eSignal.
I use ADVFN but they are technically incompetent and rubbish. I would much rather use Stocko and pay Stocko for level 2 price and real time news; I would like a real time news alert function just like you have a stock price change alert function. For me real time prices from Stocko would be BRILLIANT and I would change in an instant.
Imran if I knew then what I know now I would not have signed up for ADVFN. I dont have level 2 but I just dislike the design etc but I have a complete record of all my transactions which at the moment I would be loathe to lose and while re-inputing my portfolio would not be impossible it would not be a lot of fun.
I know Robbie almost raves about ADVFN and Level 2 but Paul Scott (aka Paulypilot) recently recommended MoneyAm.
Personally I am not convinced that if one is operating under the type of investing philosophy that I think is advocated at Stockopedia, whether Level 2 is really necessary. But I would love someone (Paul Scott or Ed Croft perhaps?) to explain why they might be.
Likewise with real time prices yes I like watching the prices move in ADVFN but in reality if I have researched a share in depth and I am about to hit the buy button I can get the current price from my broker TDW?
I could be missing the point as I say below. I consider my self a newbie at this and very much still in the learning stages.
I would really like to see Stockopedia offer real time prices and Level 2 access, and it would certainly make it a compelling offer.
On a related note, what are people's opinions on the best Level 2 service currently available on the market. I'm tempted to sign up via ADVFN as I recently attended a Naked Trader seminar, but the reviews online suggest its a real hassle to cancel the service when no longer required.
Would be interested to get other users thoughts?
I would dearly love to cancel my real time prices subscription to ADVFN (which is totally crap site/architecture/newsfeed reliability etc). I would pay an additional subscription for real time prices and watchlists that I can access through Stocko. You would build a brilliant user interface. I already use Stocko for all my price change alerts. I would really like a news alert feature for all the stocks I hold so that it would give me my personalised news for a) stocks I own and b) watch list stocks.
It's the one thing stopping me using stockopedia - I get good screening and research tools on digital look and LEVEL 2 but I much prefer stockopedias screener and would move if Level 2 was covered - as it is I'm not prepared to pay double just to have Level 2 and a great screener.
While Level 2 is expensive, I think a 'poor-person's' version using real time pricing (eg from Google) and the stream of trades with indicative buy/sell (eg from HL) is helpful too.
So I guess I see the poor-person's as being potentially a free add-on, but Level 2 as paid for. Unsure of the exact economics but just my thoughts.
The Sharescope price I was quoting was the annual subscription price difference between the Plus and Pro versions giving you Real-Time prices and Level 2 - plus US and forex stuff as well.
To get the best from Level 2 do you have to use a broker who provides DMA? If so then won't that mean you can't use any of the cheap execution only brokers?
Yeah, this sounds the fairest way as really it would be ideal to have it as an opt in so that it didn't have a blanket effect on the subscription that only 10% of the people would use.
I would like to think I would use it, although it very much depends on the cost per year and also assuming there was some really good tutorials on how to use it.
I understand that it can incredibly useful, but without guidance I fear it would be an expensive addition and under utilised........
If this is ever going to be introduced I would suggest that before any work on it is started that some-one finds out the approximate cost and then subscribers are asked if they would be prepared to pay it.
Sharescope charge an extra £550 a year for Real Time/L2 and I would guess they have more subscribers to share the cost than Stockopedia do.
I suppose the fairest thing would be to make it an optional extra with all costs being borne by those who subscribe to it.