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I have BMI delayed data via cable feed for futures contracts. For the
symbol SP8M for 5/6/98. The tick count today for me was 6269.
Jim Freeman
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> From: Carroll Slemaker <cslemaker1@xxxxxxxx>
> To: omega-list@xxxxxxxxxx
> Subject: Tick Counts - Study Proposal
> Date: Tuesday, May 05, 1998 11:24 AM
>
> Hi everyone -
>
> I have some growing concerns about the completeness of the data we are
> receiving from DBC, whether via Signal or BMI, and I would like to
> propose a study to determine just how bad (or good?) the services are.
>
> Last year I upgraded my Signal service from FM to cable. I did so as a
> participant in the settlement agreement arising out of a class-action
> lawsuit against DBC claiming that their service was not truly
> "real-time". (I don't know all the details, but I suspect that the
> claim was based upon both tardiness and incompleteness of the DBC FM
> data.)
>
> Out of the update alternatives which were offered under terms of the
> settlement agreement (from FM to any one of: Signal cable, Signal
> satellite, BMI cable, BMI satellite, or Signal internet), I chose Signal
> cable based upon DBC's representation that (1) cable delivery would
> "solve the FM problem", ie, miss few if any ticks, (2) the cable
> delivery system would be updated to 56Kbps sometime in 1998, and (3) the
> BMI service would distribute exactly the same data as the Signal
> service.
>
> Unfortunately, what I am getting from DBC now is that they are almost
> certainly NOT going to upgrade the cable or FM delivery systems, that
> BMI is a MUCH better service than Signal (is the end of Signal near),
> and that they would like to phase-out the broadcast-delivery systems
> altogether in favor of internet delivery.
>
> Now for my PROPOSAL:
>
> I would like to get reports, as many as possible, from a cross-section
> of subscribers to this list. I would like a report on the number of
> ticks collected for the front S&P 500 contract, SPM8. I would like such
> counts for each day of a 2-day period, let's say for May 6 and May 7,
> for the DAY SESSION ONLY, please (ie, not for the BMI combined
> session). It is important that I get reports from subscribers receiving
> the data through each of the available channels: FM, cable, satellite,
> internet (if any). It is also important that I receive several reports
> for EACH channel, preferably from different parts of the country
> (world).
>
> I will then download the correspond files from the CME and compare these
> data with the reports. I'll publish the results, with respect to both
> completeness AND timeliness, on this list. (Timeliness will be based
> upon my own collected data, although I may request tick files, in ASCII
> form, from a couple of you.)
>
> For the benefit of those who may not know how to get the tick count:
> Go to the Server, open the "Symbol Portfolio" window, highlight the
> symbol for SPM8, click on the "Edit Tick" button, enter the desired date
> in the "Date" slot of the "Edit Tick Data" window, click on the "Load"
> button, and the tick count for that day will be found at the bottom of
> the window. To get the count for another day, enter another date and
> click "Load" again. After noting the count, click on the "Cancel"
> button then the "Close" button to remove the edit and portfolio windows.
>
> SUMMARY:
>
> Please obtain daily tick counts, after market close, for SPM8 on Wed,
> May 6, and Thur, May 7, and e-mail the numbers directly to me (rather
> than cluttering the Omega list) along with: your service (Signal, BMI,
> or ???), delivery speed (9.6 Kbps, 19.2, 38.4, ???), delivery mode (FM,
> cable, satellite, internet, or ???), and location (Miami, Baghdad,
> Moscow, or wherever).
>
> Thanks.
>
> Carroll Slemaker
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