Best Data Feed for ATAS in 2026: Rithmic vs CQG, dxFeed, IBKR and More
Last updated August 29, 2026
ATAS does not include its own real-time futures market data. To analyze live order flow, Footprint charts, Delta, the DOM or the Heatmap, you need to connect ATAS to a supported broker or market data provider.
But not every ATAS connection delivers data the same way. Some provide full tick-by-tick futures data and order routing, while others send aggregated data that is less suitable for precise order-flow analysis. This guide compares the seven most relevant non-crypto connections for futures traders: Rithmic, CQG/Continuum, dxFeed, Interactive Brokers, MetaTrader 5, IQFeed and CTS T4 — using the example of a non-professional trader analyzing NQ and ES with real-time Level 2 depth.
Quick answer: Rithmic is the best overall data connection for serious ATAS order-flow traders — it provides detailed tick data and is currently the only connection supported by the ATAS MBO DOM. CQG is usually the best-value alternative for conventional Level 2 data and direct trading. dxFeed is the easiest choice for high-quality analysis without a futures brokerage account.







ATAS Data Feed Comparison
| Connection | Type | Live L2 | Trade via ATAS | MBO DOM | Cost ES + NQ / mo | Best for |
|---|---|---|---|---|---|---|
Rithmic | Broker infrastructure | Yes | Yes | Yes | ~$42 at AMP ($25 connection + $17 CME L2) | Best overall for order flow and MBO |
CQG / Continuum | Broker infrastructure | Yes | Yes | No | ~$17 plus broker/routing fees | Best value for Level 2 and live execution |
dxFeed | Standalone data provider | Yes | No | Not currently | ~$37 | Analysis without a futures broker |
Interactive Brokers | Broker connection via TWS | Yes | Yes | No | ~$15, or ~$5 if base fee waived | Existing IBKR users, low data costs |
MetaTrader 5 | Broker/platform bridge | Broker-dependent | Yes | No | Often $0 extra, broker-dependent | Basic analysis via existing MT5 broker |
IQFeed | Standalone data provider | Yes | No | No | ~$165–170 plus $50 startup fee | Broad market coverage and history |
CTS T4 | Broker infrastructure | Yes | Yes | No | ~$40+ ($25 CTS Core + CME L2) | Traders whose broker already uses CTS |
Estimates for a non-professional user on ES and NQ (CME Level 2 only). Prices exclude the ATAS license, commissions and exchange transaction fees. Market data is normally billed per full calendar month.
1. Rithmic: Best Overall Data Feed for ATAS

Rithmic is the strongest all-round choice for traders who use ATAS for Footprint charts, Smart Tape, Heatmap analysis and detailed order-book work. It delivers fast, non-aggregated futures data and supports direct order execution through ATAS. More importantly, Rithmic is currently the only connection that supplies data to the ATAS MBO DOM — Market by Order shows individual resting orders and their queue position instead of only combined volume per price. That also makes Rithmic required for the ATAS MBO tools: Iceberg Tracker, Sweeps Tracker and Stop Runs Tracker.
Advantages: full Level 2 depth, detailed tick-by-tick data, MBO DOM support, direct trading with server-side stops, wide availability through futures brokers and prop firms.
Disadvantages: more expensive than CQG through some brokers, sensitive to unstable internet or high CPU load, OCO handling is platform-side rather than server-side, and Aggregated Quotes must be disabled for MBO, which increases data load.
Cost for ES + NQ: at AMP Futures, CME Level 2 costs $17/month plus a $25 monthly Rithmic connection fee per user ID — about $42/month, plus ~$0.10 per contract per side for live routing.
Verdict: choose Rithmic for the most complete ATAS experience, especially MBO, liquidity analysis and accurate tick-based order flow.
2. CQG / Continuum: Best Value for Level 2 and Trading

CQG is the most attractive alternative if you need reliable Level 2 data and direct execution but not the MBO DOM. It supports a large number of futures brokers and exchanges, and provides live quotes, trading, server-side stops and server-side OCO orders — protective logic stays active on the server even if ATAS or your internet connection fails.
Advantages: real-time Level 2 depth, direct trading, server-side stops and OCO, broad broker support, usually lower fixed cost than Rithmic.
Disadvantages: no MBO DOM support, a CQG login usually works in only one third-party platform at a time, and your broker may need to enable ATAS under the CQG platform identifier AdvancedTS.
Cost for ES + NQ: at AMP, CME Level 2 is $17/month with routing at ~$0.10 per contract per side — no Rithmic-style $25 connection fee in this example.
Verdict: the best price-to-performance option when standard Level 2 Market by Price data is enough and you want to trade directly from ATAS.
3. dxFeed: Best Data-Only Option Without a Broker

dxFeed is a standalone market data provider — subscribe directly and connect it to ATAS without opening or funding a futures brokerage account. It delivers real-time and historical Level 2 data and suits traders who execute elsewhere but use ATAS purely for analysis. ATAS also includes 15-minute delayed dxFeed data for testing.
Advantages: no brokerage account required, full Level 2 depth, real-time and historical data, simple integration, can serve as the quote provider while a separate broker connection handles orders.
Disadvantages: no order execution, no current MBO DOM support, and several ATAS chart types are unavailable with dxFeed — including Delta, Reversal, Order Flow, Cumulative Trades and special Range variants. Footprint charts are limited to minute- and second-based candles.
Cost for ES + NQ: the ATAS-specific dxFeed offer lists CME Level 2 at about $37/month for self-certified non-professionals.
Verdict: the simple, broker-independent analysis feed — less suitable if you depend on ATAS special chart types or want to trade through the same connection.
4. Interactive Brokers: Cheap, but Not Ideal for Precise Order Flow

IBKR sends market data and orders to ATAS through Trader Workstation, which must be installed, running and configured for API access. The main advantage is cost: the US Securities Snapshot and Futures Value Bundle ($10/month) plus US Futures Value Bundle PLUS ($5/month) covers CME Group depth — and the $10 base fee can be waived with enough monthly commissions, cutting effective data cost to about $5.
However, IBKR does not send trade direction to ATAS — ATAS reconstructs it from Bid/Ask data, so Delta can differ from other feeds and may change after refreshing a chart. ATAS explicitly warns that IBKR market data can differ significantly from other connections, and the connector works only for the US market.
Verdict: cost-effective for an existing IBKR futures client, but Rithmic or CQG is a better foundation for serious ATAS volume and order-flow work.
5. MetaTrader 5: Not Recommended for Detailed ATAS Order Flow

MT5 is not a standalone futures data vendor — ATAS receives whatever your MT5 broker provides. The decisive limitation: according to ATAS, the MT5 API sends only one update per second, so 1,000 trades within that second arrive as one combined update. That removes the detail Footprint, tape and Delta traders need. Also verify that your broker provides real exchange-traded CME futures rather than CFDs.
Verdict: fine for basic analysis or convenience — often $0 extra. For serious ES/NQ order flow, choose a true tick-based futures connection.
6. IQFeed: Powerful Standalone Data, but Expensive

IQFeed offers wide futures and equity coverage, deep history and hundreds of simultaneous symbols — connectable to ATAS for analysis without a broker, but with no order routing. Based on the December 2025 fee schedule, a futures Level 2 setup includes the $108.15 core service, a $24.87 real-time North American futures surcharge, a ~$20–24 market-depth surcharge and the CME non-professional fee — roughly $165–170/month plus a $50 startup fee.
Verdict: sensible for multi-market research and scanning; excessive if you only need live ES and NQ Level 2.
7. CTS T4: Reliable but More Broker-Specific

CTS (now part of Plus500 Futures Technologies) powers the T4 platform. ATAS supports CTS quotes and direct trading with server-side stops across CME, CBOT, NYMEX, COMEX, EUREX and ICE through supported brokers. It is capable professional infrastructure, but less common among retail ATAS users, with no MBO DOM support and platform-side OCO handling. Rough reference: CTS Core at $25/month plus CME Level 2 at ~$15–17 — about $40+/month.
Verdict: a solid choice if your broker already provides it; rarely a reason to pick it over Rithmic or CQG solely for ATAS.
Which ATAS Data Feed Is Best?
Best overall — Rithmic: maximum data detail, current MBO support and the advanced ATAS liquidity tools (Iceberg, Sweeps, Stop Runs Tracker).
Best value — CQG: accurate Level 2 Market by Price data, direct execution and server-side OCO protection at a low fixed monthly cost. Sufficient for most Footprint and conventional DOM traders.
Best without a broker — dxFeed: pay for the feed directly, no trading deposit, and a separate broker connection can still handle orders.
Best for existing IBKR users: very inexpensive when activity waives the base fee — chosen for convenience and cost rather than maximum Delta accuracy.
My Recommendation for ES and NQ Traders
- Choose Rithmic if you want MBO, the most detailed ATAS liquidity analysis, or use a Rithmic-based prop firm.
- Choose CQG if you want the lowest-cost professional broker feed for standard Level 2, Footprint and DOM trading.
- Choose dxFeed if you only need data for analysis and do not want a futures broker account.
- Keep IBKR if you already trade there and low cost matters more than perfect Delta consistency.
- Avoid MT5 for serious order flow, and choose IQFeed only when its broad standalone coverage justifies the much higher price.
For my own ATAS workflow, Rithmic is the first choice because MBO adds information that the other ATAS connections currently cannot display in the MBO DOM.
Price and Feature Sources
- ATAS: supported connections, quotes, trading, stops and OCO
- ATAS: market data sources and connection limitations
- ATAS: MBO DOM currently requires Rithmic
- AMP Futures: current CME Level 2 and connection fees
- dxFeed: ATAS subscription pricing
- Interactive Brokers: market data pricing
- IQFeed: current core service and exchange fees
- Plus500 Futures Technologies: CTS T4 package pricing
Pricing checked on August 29, 2026 and can change at any time. Professional subscribers pay substantially higher exchange fees. This article is educational and does not guarantee data availability, execution quality or trading results.
FAQ
Does ATAS include real-time futures data?
No. ATAS includes delayed futures data for testing, but live futures analysis requires a supported broker connection or paid data provider.
Do I need Level 2 data for ATAS?
Level 1 is enough for basic price charts, but Level 2 is strongly recommended for the DOM, Heatmap and liquidity analysis. If you use ATAS for order flow, Level 2 should be treated as essential.
Are ES and NQ on the same exchange data package?
Yes. ES and NQ are both listed on CME, so a single CME Level 2 subscription normally covers both. You do not need the full four-exchange CME Group bundle unless you also trade products on CBOT, NYMEX or COMEX.
What is the difference between Level 2 and MBO?
Standard Level 2 usually displays Market by Price: all resting orders at one price are combined into a single quantity. MBO displays individual orders and their queue sequence. In ATAS, the MBO DOM currently requires Rithmic data.
Can I use one connection for data and another for trading?
Yes. ATAS allows one connection to be selected as the quote provider while another manages the trading account. Make sure only one connection is selected as quote provider for the same market, otherwise volume can be counted twice.
Is Rithmic better than CQG for ATAS?
Rithmic is better when you need MBO and maximum order-book detail. CQG is often cheaper and offers server-side OCO orders, making it a strong choice for conventional Level 2 and Footprint trading.
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