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Want to see venom and the gnashing of teeth? Go check out the Omega list
following the recent release of TS2000i. The noise and dust kicked here up
over the MSWin 6.52 patch pales in comparison. I did find some nuggets
during that excursion however. One is Quote.com and their Qfeed setup.
Here's an e-mail off the Omega list.
________________________________________________________
>Dear List,
>This Qcharts that Robin has posted really does look interesting. If you
>scroll down a little you can see that they have a small (39k) Qlink DDE
>0.6 Beta file that will grab data real time from their servers and allow
>you to use it in Excel with DDE. Interestingly, they have a developer
>program for anyone programming in VB, C, Delphi, etc. to use the COM
>architecture to write their own trading programs and use their servers.
>Man, this is exactly what Tradestation is anyway. You are going to have
>to program COM anyway if you want to have the versatility of interacting
>with the TS global server in the first place. QCharts has a webpage at:
>http://www.quote.com/qcharts/index.html
>Also, the R/T quotes are more than half the price of BMI and others. I
>have sent them an e-mail, and will seriously consider just using Excel
>and Qlinks DDE program to chart my R/T data. It's so simple to set up
>quote monitors in Excel, and then chart the data, and mathematically
>manipulate it with the tools already pre-programmed into Excel. You also
>have tabs at the bottom so you could have a bunch of spaces open. I bet
>it wouldn't hog resources as much as TS 2000i either. If you aren't into
>Excel, I noticed that they do have a charting program already available.
>Just a "heads up". This could be good.
>Best Regards,
>Eddie
___________________________________________________________
Also I discovered an amazing little charting program called Ensign (I think
someone one this forum mentioned it previously) that is amazingly well put
together and has a lot of potential for those that can program in lower
level languages similar to PASCAL. Also has DDE link to Excel. Hopefully
these guys will get together with Quote.com as a data feed and this could be
good. Here's another copy of an e-mail from the venom board.
_____________________________________________________________
----- Original Message -----
From: Earl Adamy <eadamy@xxxxxxxxxx>
To: List-RealTraders <realtraders@xxxxxxxxxxxxxx>; List-omega
<omega-list@xxxxxxxxxx>; List-Code <code-list@xxxxxxxxxxxxx>
Sent: Monday, March 29, 1999 2:26 PM
Subject: Future of trading data/software
> Some of you will remember that last year I embarked upon a journey away
from
> what I considered to be poor quality, poorly supported Omega products. I
> thought I'd found something better in TradeLab but it was repeatedly
delayed
> and in due course, with the millennium approaching, I moved on to evaluate
> other products. In the course of that journey I tried internet based data
> feeds and software and found them wanting (to be charitable). I also tried
> quite a bit of software I'd never looked at before. In due course, I
settled
> on DTN satellite and Ensign, however my HOA forced me to get rid of the
DTN
> dish and then my cable company dropped CSPAN2 which carried DTN cable.
> Having considerable confidence in Ensign and quite a large body of custom
> Ensign trading code, I looked around for an Ensign compatible data feed
and
> my only remaining choice was Signal On-Line real-time. Not only was SOL
> considerably more expensive than DTN satellite/cable, but I found the
> customer service to be atrocious and no delayed quotes are provided for
any
> exchanges for which I do not hold real-time exchange agreements (over $200
> month for all futures exchanges). Ensign/SOL does provide 3 days of tick
> data which can be used to fill in gaps or initialize a chart, however this
> is not enough to get a 40 or 60 minute chart up to speed and historical
data
> beyond the 3 days is not available.
>
> Through a combination of circumstances, I recently looked at quote.com's
> QCharts/QFeed service. I was really turned off by no response to several
> questions I e-mailed to quote.com "support" but several users kept saying
> how great the service is so, I persevered and signed up for the $80 month
> QCharts service. The internet data feed (called QFeed) includes real-time
> indexes and delayed feeds from all major exchanges. Wanting to get the
best
> possible feel for the future of this kind of service, I decided to try the
> QCharts 2.1 beta software in lieu of using the existing 1.0 version - the
> beta software version is available to all subscribers.
>
> WOW! Imagine a data feed where you never have to worry about the data -
all
> data for all symbols in all time periods is available on demand. When the
> charting software (QCharts or any QFeed compatible software) asks for a
set
> of bars, the QFeed servers deliver them on demand in sufficient quantity
to
> fill the chart from left to right and scrolling left delivers more bars.
For
> example, my "Indexes" layout includes charts for several different symbols
> across 1/2/9/45 minute and daily time frames all updating in real-time as
> each bar is completed as well as a quote page with the latest prices. Tick
> charts are available, however multi-tick charts e.g. 20 tick bars are not
> (yet) available. The QC status bar shows which QF server is being used and
> the delay to hundredths of seconds in receiving quotes. If one QF server
> has trouble or the connection degrades, QF is programmed to switch to
> alternate QF servers. If you lose your ISP connection, you will get a
fresh
> set of charts when you log back into QF. The QCharts software I'm using is
> not browser based, is extremely well-designed, and is very easy to use.
> Although it still lacks a few features (drawing tools and custom studies)
> which many traders will want; I would expect to see these features in the
> not too distant future. The QFeed included with QCharts provides the
ability
> to access the data feed directly from many development languages including
> VB and the QLink utility enables Excel to use the data feed for real-time
> calculations.
>
> As an indication of performance, I have a currencies layout which includes
a
> quote page with front and next contracts for the major currencies, 5
minute
> chart, 40 minute chart and daily chart. With the June DMark displayed,
> clicking on the June Yen in the quote page reloads the bars in all 3
charts
> with data for the Yen in about 7 seconds. Switching from my Currencies
> layout to Indexes layout which includes two quote pages, June S&P 2/9/45
and
> daily charts, June E-Mini 1 minute chart, and premium chart, required
about
> 15 seconds before all charts were loaded with bars. I've got a full load
of
> apps open on my "ancient" p133 with 128 meg running WinNT 4: SOL Data
> Manager (7 meg, 2% CPU), Ensign32 (18meg 8% CPU), QCharts (29meg, 8% CPU)
+
> other apps including TextPad, Ecco, Outlook Express, and SuperCharts 4
EOD.
> The memory and CPU usage shown for the real-time apps are for comparable
> index layouts. Task manager is consistently showing 75% CPU idle and 80
meg
> of unused physical memory.
>
> Is QCharts/QFeed the be all and end all? Not yet, anyway, but it certainly
> shows where the future is going in trading software and data feeds. And
that
> future is not in data feeds costing $2000-4000 annually (without data
> refresh or exchange fees) or in high priced stand-alone software behemoths
> requiring the fastest available processors and prodigious amounts of
memory.
> Based on the improvements I've seen in internet data feeds and software
> during the past 12 months, I would expect to see several extremely
powerful
> internet based datafeed/software combinations available within 6 months at
> very modest monthly cost. I would not look for these products from the
major
> established data feed and software vendors.
>
> Earl
>
>
____________________________________________________________
Chuck
Note that yeti@xxxxxxxxxxxxxxx is history due to idiotic ISP. New address
is wemlinger@xxxxxxxxxx .
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