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In a message dated 98-01-25 00:52:14 EST, robertwc@xxxxxxxxxx writes:
> So
> on that Omega list put out and talked about where was a faster data
> provider with a hundred a month savings at. Just wondering where common
> sense has gone on this issue. I'm not talking high tech here I leave that
> to the ones who know this is just plan dollars and quality of service.
This issue keeps coming up so I can't help commenting.
1. The speed issue. Has someone really compared speed. The last time I
did a comparison of my BMI it was with my brokers CQG. We were right
together tick for tick on the S&P. I also have compared what I see with the
floor as far as price goes, and it is so close the lag of the guy punching the
numbers becomes a limiting factor.
2. Satellite vs Cable. Does DTN come on cable. If not, its a non issue for
a lot of city dwellers like me. I have absolutely no way to use a dish. I
am tied to cable. SO regardless of all other things this is a big factor.
3. Cost. I don't know the cost of DTN vs BMI, but lets assume its $150 a
month cheaper. I am paying $393 for BMI, so that would be a great savings,
$1800 a year. But do I really care. I daytrade the financials, S&P, DJ,
etc. Potential of making $2000-3000 per day. $1800 per year is peanuts by
comparison. My focus is totally on my trading, I just can't see the datafeed
cost enough of an issue by comparison, that I am going to waste time worrying
about it. I realize during a start period for new traders costs are a big
factor for sure, but mental emphasis would be better placed on trading for
most people.
Pete
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