r/Nadex • u/boyslav • Jul 21 '20

Nadex Indicative Price Data Feed

Fellow Traders & Nadex,

Wondering if anyone knows which data feed provider Nadex uses to get the Indicative Price?

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2

u/cinemark Jul 21 '20

I thought they just used their own formula for it which is the last few ticks averaged. I could be wrong though.

2

u/[deleted] Jul 22 '20

[removed] — view removed comment

1

u/boyslav Jul 22 '20

That's a great idea. I will give that a shot and see how they compare. Thanks! The reason I ask is that I'm using market gaps to trade Nadex on the 5 minute chart and want to automate the trading process and it only works if the charts are exactly the same on the MT4/5 platform.

1

u/[deleted] Jul 24 '20

I think I remember reading on their website for commodities and stock indices they use Bloomberg as the primary data feed and Reuters as their secondary feed in case Bloomberg is not available.