Level 1 Data will be free through the challenge and the sim funded stage.
Level 1 Data is included in your subscription when you sign up. Level 1 data for futures refers to the basic market information and pricing data available for a specific futures contract. This data provides traders and investors with a snapshot of the current market conditions and helps them make informed decisions about buying or selling futures contracts. Level 1 data typically includes the following components:
Bid Price: The highest price that a buyer is willing to pay for the futures contract at a given moment.
Ask Price: The lowest price at which a seller is willing to sell the futures contract at a given moment.
Last Traded Price: The price at which the most recent trade for the futures contract occurred.
Volume: The total number of contracts traded during a specified time interval (often one trading day).
Open Interest: The total number of outstanding contracts for a particular futures contract. Open interest helps gauge the overall market interest and participation in a contract.
Time and Sales Data: A real-time record of all trades executed for the futures contract, including the trade price, quantity, and time of execution.
Level 1 data provides a basic overview of the market activity for a specific futures contract but doesn't include more detailed information such as the full order book (Level 2 data) or additional market depth information. It is usually sufficient for casual investors and traders who want to keep track of basic market trends and prices.
Professional traders and more active participants often require more comprehensive data, including Level 2 data, which provides a deeper insight into the order book and market depth, showing a more complete picture of the buy and sell orders at various price levels.
Level 1 data is widely available through financial news websites, trading platforms, and financial data vendors. It's important to note that the availability and format of Level 1 data may vary depending on the specific futures exchange and trading platform being used.