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RE: [EquisMetaStock Group] Question for Richard Dale



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Hi Richard,
 
I, too, have a question, not directly related to MetaStock, but of interest, I hope.  Obviously when a stock splits, its previous price history is adjusted to reflect the split.  How are large capital distributions and/or dividends handled?  In other words, say a stock trades at 60 and they pay shareholders a $30.00 cash distribution.  I know the current price would be reduced by the $30.00 amount, but what about the historical prices?  Are they, too, reduced by the $30.00 amount or not?  For some reason, my feeble brain cannot remember how this is handled.
 
Best,

Larry Carhartt

MasterDATA Composite Plug-in For MetaStock
The Only Source for Index & ETF Composite/Breadth Historical MetaStock Data
lc@xxxxxxxxxxxxxx
818-701-6686
 
-----Original Message-----
From: equismetastock@xxxxxxxxxxxxxxx [mailto:equismetastock@xxxxxxxxxxxxxxx] On Behalf Of Richard Dale
Sent: Saturday, October 15, 2005 1:19 AM
To: equismetastock@xxxxxxxxxxxxxxx
Subject: RE: [EquisMetaStock Group] Question for Richard Dale

Hi Andy,
 
Right now we don't have any immediate plans for Canadian or European data.  We tried to come up with a decent LSE feed about a year and a half ago, but found that there were significant problems with regards to the way the LSE provides data.
 
There are multiple trading systems, some market-maker driven, some electronic order book and some a hybrid of the two.  Some stocks traded on multiple systems.  There was also a problem in that many markets were reported as a mid-point between the bid and ask, rather than the actual trades that went through.  This, we think, was due in part to the LSE allowing trades to be reported up to two hours later than they occur.
 
We surveyed multiple data sources for the data and found that there were rarely agreements between the different data sources.  Given the unreliability of such data, we decided that it was prudent not to offer data that was so inaccurate.  We'll have another look at it in the future - hopefully the LSE will have a  definition of what they consider to be the official open, high, low, close and volume.
 
Best regards,
Richard Dale.
Norgate Investor Services
- Premium quality Stock, Futures and Foreign Exchange Data for
  markets in Australia, Asia, Canada, Europe, UK & USA -
 


From: Andy [mailto:AndyDavidson@xxxxxxxxxxxxx]
Sent: Friday, 14 October 2005 7:25 PM
To: equismetastock@xxxxxxxxxxxxxxx
Subject: [EquisMetaStock Group] Question for Richard Dale

Richard,

 

Lots of rave reviews lately which is great to see. The only thing stopping me personally from switching right now is this question of coverage. Any comments on whether you intend to cover the Canadian and/or European (esp. LSE) markets in the near future?

 

Andy

 



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