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Ton Maas,
YES.
Bridge acquired the Dow Jones Markets last March from Dow Jones. The
acquisition was completed last June and Bridge changed the brand DJM back
to its original Telerate so it's now called Bridge Telerate. In fact, Bridge
almost
discarded everything in its acquired DJM assets EXCEPT the ACTIVE1
technology
and Telerate staff, and most importantly, Bridge successfully took over the
complete
Telerate institutional clients all over the world, that's estimated to near
hundred of
thousands, and swept out one of the few strong competitors. Besides, Bridge
inherited Telerate's contract with Omega Research to co-work out Telerate's
version of TradeStation. The present Telerate TradeStation5.0 (YES, it's
called
32 bit version 5.0 since December 1997, or 1996?) will not (never) be Y2K
compliant, and Bridge Telerate recommended customers to upgrade to the
BridgeStation or Telerate Plus wich is already Y2K compliant.
Now how about the TradeStation? Bridge is scheduled to release this Q3 the
Y2K
compliant TradeStation (no doubt that's the Omega TradeStation2000i) as an
add-on to its BridgeStation or Telerate Plus, price not yet determined (or
announced).
What's the difference between BridgeStation & Telerate Plus? I don't know.
BUT,
my previous Dow Jones Telerate (brand before changed to Dow Jones Markets)
sales representitive invited me last month to demo the "new product" they
had just
introduced into Taiwan last year end. It's BridgeStation. It's the ultimate
package
of BridgeStation, the Bridge Plus package ( you could browse through
Bridge's
homepage to see what packages they offer as BridgeStation), powered by the
BridgeFeed delivered to the client's desktop vis 64K lease line (in US they
require
two 64k lease lines). Do you know what happened? I received the official
price list
that afternoon and it's titled "Telerate Plus", the one the present Telerate
TradeStation
users are asked to upgrade to after this Q3. Now you know that Telerate has
died
to re-born as Telerate Plus, which is essentially the BridgeStation
integrated with
Telerate's key technology, mainly the Active1 data retrieving/presenting
technology.
I'm enjoying and completely welcoming this development. I ever said that
Reuters is yesterday's authority, Bloomberg is today's hero, and tomorrow...
Tomorrow I bet on Bridge!
One thing not so certain and really to my doubt:
Bridge and FutureSource announced last month to form a new company
FutureSource/Bridge,
FutureSource is majority and Bridge is minority and will be operated by the
FutureSource
management staff. This is not usual because Bridge is accustomed to
acquiring its competitors
or at least must be the controlling majority, as it had done to Knight
Ridder Financial in 1996
and Dow Jones Markets/Telerate in 1998. I do hope that the formation of the
new company will
result in a super BridgeStation or whever it's called integrating the stenth
of both FutureSource
and Bridge and MUST be delivered via Bridge's network. It's impractical to
hope FutureSource's
network (release line or sattelite broadcasting) to reach Taiwan in the near
future.
Another thing to monitor:
FutureSource has just announced its own "TradeStation-killer" program -
FutureSource Professional
to be released on March.
Now my dream:
BridgeStation Plus comes with FutureSource Professional built-in and Omega
Research ProSuite
2000i Platinum Edition add-on, Advanced GET Real Time using Omega's
GlobalServer, with Aspen
Graphics optional, all delivered to my dual Pentium III - 500
4-Monitors(19") Windows2000 Server
desktop via two 64K lease lines. And since Bridge allows Internet connection
through its TCP/IP
networks (with no extra ISP and transmission media fees) I can have CQGNET
(Internet version
of CQG under beta testing) delivered to me through the same Bridge's lease
lines, and utilizing
this much more reliable and stable Internet connection for e-trading US
stocks and forex and
global stock index futures.
When? No later than this year end, hopefully late Q3.
Cost? No more than US$2,500/mo (excluding exchange fees) to my estimate. Or
the same amount
with CQGNET excluded and exchange fees included, roughly what Reuters
charged me with their
sluggish Markets 3000(with the costly "compulsory" RBB - Reuters Business
Briefing "optional",
which also contributes much to my anti-Reuters emotion).
Have I answered your curiosity?
Marvin Lin
marvlin@xxxxxxxxxxxxx
>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.
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