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Wasn't Dow Jones Telerate RT Data Services last year aquired by Bridge (UK) ?
Reg. Ton Maas
ms-irb@xxxxxx
----- Original Message -----
From: Gila Brock <brock@xxxxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: maandag 8 februari 1999 9:16
Subject: Re: Daytrading from home setup
>Hi Marvin,
>
>".il" means Israel.
>
>I live in a town on top of a mountain in Northern Israel, about 14 km
>from Lebanon. If you can trade from here, you can trade from almost
>anywhere.
>
>I don't know Bridge trading, but I'll look at their web site now. It
>sounds like a 64K lease line will be a lot better than ordinary Internet
>access.
>
>Right now I'm trading over the internet temporarily. Another trader in
>the same room with me has been experimenting and when he finds a good
>solution, we'll all sign up. He has tried ISDN (not a big improvement, at
>least not in Israel), frame-relay, and now he has some kind of connection
>through S&P Israel's office which is leasing a 256k line to America. This
>last solution has been the best so far. I'll find out the details from
>him.
>
>If he weren't in the same room, I would find it impossible to trade.
>Sometimes I get no data at all and when I'm in a trade, I would be in big
>trouble if I couldn't call out to him and get a picture of the market
>until my data feed returns. The plain vanilla internet is not really
>viable.
>
>I'll let you now when I get more details.
>
>Gila
>
>
>>Hello Gila,
>>
>>Does ".il" mean Ireland?
>>Your post is very imformative, especially for forigners to US.
>>I trade spot forex and index futures, mostly daytrading, by the
>>traditional phone-broker way. I'm looking for online FCM & equity
>>broker to trade futures and stocks online. But the Internet stability
>>is a serious concern, especially for foreigners to US.
>>
>>Do you have any knowledge of the Bridge Trading? I'm to lease
>>BridgeStation which is delivered to my desktop via 64K lease line,
>>allowing access to the Internet (not as Reuters 3000 which is confined to
>>Reuters own network). So if I can place orders via Bridge's network,
>>it will be the most reliable and efficient vehicle for e-trading US stocks.
>>Besides, from Bridge's web I learned that Bridge Trading is capable
>>of trading European, Asia-Pacific Rim & Latam stocks, an edge to
>>the other US-based online brokers.
>>
>>I live in Taipei, Taiwan. Not comfortable in spoken English and much
>>limited to the e-trading world. You mentioned the frame-relay connection
>>and non-US setup, I'm very curious about this, and appreciate with your
>>share of information and experience.
>>
>>Marvin Lin
>>marvlin@xxxxxxxxxxxxx
>>
>>Winthorpe,
>>>
>>>There are 3 daytrading software packages that I know of currently popular
>>>in the U.S. which do what you want. They are Real Tick III, Cybertrader,
>>>and Tradecast. Some have other names but are really private label
>>>versions of these three.
>>>
>>>First you open an account with a daytrading firm that supports remote
>>>traders (this is not an "online brokerage" such as Etrade, Datek, etc.).
>>>Many have web pages, such as AB Watley, MB Trading, Investscape, Harbor
>>>Securities, Polar Trading, and many others. The firm you sign up with
>>>will give you their software. This software is directly linked to the
>>>order execution system with one keystroke. That is, you configure your
>>>keyboard such that one key means, e.g., "Buy 1000 shares at the market"
>>>Other keys might mean "Bid 1/16 higher than the inside bid for 1000
>>>shares." The stock is whatever you clicked on last. You don't need to
>>>enter an account number because that is in your setup. When you press the
>>>order entry key, you will see your order on the screen and then see the
>>>execution. It takes 1-2 seconds for a market order. Sometimes it seems
>>>instantaneous.
>>>
>>>Your quote feed is part of this software package. These packages provide
>>>Level II quotes, intraday charts and historical charts all of which can
>>>be displayed at the same time. Each software package has its own
>>>"extras." The ticker you mentioned is also standard. I use Real Tick III
>>>and several basic indicators are available in it as well. You cannot
>>>input any custom formulas or indicators. All of this should be run from
>>>one computer, with 2 monitors. Windows 98 will give you this ability.
>>>
>>>The software and commission costs vary from brokerage to brokerage, but
>>>they are approximately $300 per month for the software plus exchange
>>>fees. Some firms will annul the software fees when you do a certain
>>>number of trades per month. You might want to bypass the internet
>>>altogether and get a frame-relay connection direct to the server. This is
>>>more reliable. You'll have to look into the costs for yourself. I'm not
>>>in the U.S., so my setup is different. Your brokerage firm should be able
>>>to advise you.
>>>
>>>I am also running Signal/Metastock on a separate computer. I am probably
>>>going to stop this. It adds significantly to the cost of trading. I am
>>>paying the cost of Signal, plus another open phone line. I also find the
>>>Metastock RT setup too awkward to work with in light of real daytrading.
>>>For example, in Metastock, you must create a security to collect data on
>>>that security. Then, the data starts only when you started. So if someone
>>>suggests you quickly take a look at XYZ, in Real Tick, I type in XYZ and
>>>get my 5-min chart setup the way I preconfigured it, going back 3 days,
>>>and a daily chart next to it, going back 200 days. In Metastock, I
>>>"create security," then open the chart, then the data starts collecting
>>>at that moment. I don't know what happened earlier in the day and the
>>>chart is totally out of context and meaningless.
>>>
>>>If you're serious about daytrading, I don't think Metastock RT or
>>>Tradestation is the way to go. Of course, other people might have had a
>>>different experience, and it would be interesting to hear from them.
>>>
>>>I hope I've answered your questions. Write again if you have more.
>>>
>>>Gila
>>>
>>>
>>>
>>>
>>>
>>>
>>>
>>>
>>>
>>>--------------------------------------------------------------------------
>>>"Who is rich? He who is happy with what he has." -- Ethics of the Fathers
>>>--------------------------------------------------------------------------
>>>
>>
>
>
>--------------------------------------------------------------------------
>"Who is rich? He who is happy with what he has." -- Ethics of the Fathers
>--------------------------------------------------------------------------
>
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