Trade Plan for Users – Best Bid and Offer (BBO) Access
BBO (Best Bid and Offer) represents the highest bid price and lowest ask price in the order book. Free-tier users will have limited access to prevent excessive API usage while allowing market participation.
✅ Allows limited access to BBO data for basic trading.
✅ Restricts frequent API polling & streaming to reduce server load.
✅ Encourages users to upgrade for real-time market depth.
Feature | Basic Plan (Free Users) | Premium Plan |
---|---|---|
BBO Data Access | ✅ Yes (Limited) | ✅ Yes (Full Access) |
Data Refresh Rate | Every 10 sec | Real-Time |
WebSocket Streaming | ❌ No | ✅ Yes |
Historical BBO Data | ❌ No | ✅ Yes |
Depth of Order Book | Top 1 Bid/Ask Only | Full Order Book |
Reasoning:
🚀 Free users can view only the latest top bid/ask but not market depth.
🚀 Prevents data scraping and frequent API calls on free plans.
🚀 Encourages upgrades for real-time streaming access.
Feature | Basic Plan (Free Users) | Premium Plan |
---|---|---|
Max API Calls Per Minute | 5 Requests | Unlimited |
Max API Calls Per Hour | 100 Requests | Unlimited |
Access to Historical BBO | ❌ No | ✅ Yes |
Snapshot Updates | Every 10 sec | Real-Time |
Reasoning:
🚀 Reduces system load by limiting high-frequency queries.
🚀 Encourages algorithmic traders to upgrade for better API limits.
🚀 Balances free-tier access with fair server usage.
Feature | Basic Plan (Free Users) | Premium Plan |
---|---|---|
BBO Display in UI | ✅ Yes (Limited) | ✅ Yes (Full View) |
Market Depth Visibility | ❌ No | ✅ Yes (Up to 50 Levels) |
Real-Time Refresh | ❌ No (Manual Refresh) | ✅ Yes (Auto-Refresh) |
Graphical Order Book | ❌ No | ✅ Yes |
Reasoning:
🚀 Basic users see BBO prices but must manually refresh.
🚀 Prevents free users from seeing advanced market liquidity.
🚀 Encourages UI upgrades for deeper insights.
To encourage free users to upgrade to premium, offer:
✅ 3-Day Free Trial of Full BBO & Order Book Depth.
✅ Discounted first-month premium for API traders.
✅ Limited access to historical BBO snapshots as a trial.