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Market Data Explained

This article provides a clear overview of how market data works at EdgeProp, including what’s included by default, what’s optional, and how to activate advanced features such as Level 2 (Depth of Market) access.

Written by EDGE AI


✅ Included by Default: Level 1 Market Data

Every active Evaluation and Funded account at EdgeProp automatically includes Level 1 Market Data, which allows you to:

  • See real-time bid/ask prices (top of book)

  • Place and manage orders in real time

  • Access all supported futures products via your platform

Level 1 access is sufficient for most trading strategies and enables full platform functionality across all Rithmic-compatible software.


🔍 Optional Upgrade: Level 2 (Depth of Market)

Level 2 Market Data, also known as Depth of Market, gives visibility into multiple levels of bids and offers — offering a deeper understanding of order flow and market liquidity.

Key Benefits of Level 2:

  • View up to 10+ levels of buy/sell orders

  • Analyze market depth and order stacking

  • Support for advanced scalping and DOM-based strategies

While not required to pass the Evaluation or maintain a Funded Account, Level 2 access is strongly recommended for serious traders who rely on liquidity insight and execution precision.


🛠️ How to Activate Market Depth

You can activate Level 2 Market Data directly from your EdgeProp Dashboard. The process is quick and does not require selecting a platform.

  1. Go to Dashboard → Addons → Market Data

  2. Select the Depth of Market package (CME, CBOT, NYMEX, or Full Bundle)

  3. Confirm activation — billing is automatic at month-end

Your feed updates automatically for all connected platforms once activated.


💳 Pricing & Billing

Market Data fees are billed separately from your Evaluation or Funding subscription:

Market Data Option

Monthly Fee

Per Exchange (e.g. CME)

$12

Full Bundle (All CME Markets)

$40

  • Billing occurs at the end of each calendar month

  • You are charged only if the addon is active

  • Applies to both Evaluation and Funded accounts

  • No refunds for unused days after activation

Example: A trader activates the CME Bundle on July 12. They will be billed $40 on July 31, regardless of the number of trades made.


🧾 Commission Note

Market data is not the same as commissions or exchange fees. Market data fees provide visibility into price action; commissions are taken per trade and automatically deducted from your account balance (visible in Net P&L).


⚠️ Summary

Feature

Level 1 (Default)

Level 2 (Optional)

Real-time Prices

DOM Order Book View

Platform Required

No

No

Monthly Fee

None

$10–$40

Activation Location

Dashboard → Addons

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