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Re: Substantial Time Lag Today with BMI Satellite


  • To: gm@xxxxxxxxxxxxx (Gerald Marisch)
  • Subject: Re: Substantial Time Lag Today with BMI Satellite
  • From: "hans esser" <he96@xxxxxxxxxxxxxx>
  • Date: Thu, 9 Jul 1998 08:45:46 -0700
  • In-reply-to: <19980709152410133.AAA148@xxxxxxxxxxxxxxxxxxx@notebook>

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I have heard several times that the INTERNATIONAL feed is faster

rgds hans

> What is the difference in speed between Signal's domestic and
> international feed?  Given a choice, would having the international feed
> "speed up" my computer receiving data?
> 
> ----------
> > From: Neal T. Weintraub <thevindicator@xxxxxxxxxxx>
> > To: Richard Josslin <oldfogey@xxxxxxxxxxx>; omega-list@xxxxxxxxxx;
> realtraders@xxxxxxxxxxxxxx
> > Subject: Re: Substantial Time Lag Today with BMI Satellite
> > Date: Thursday, July 09, 1998 13:21
> > 
> > Yes, you are right.
> > That is becaue you do not see the price until the price reporter types
> > it in. Trading with lagging data is tough.
> > 
> > neal weintraub
> > -----Original Message-----
> > From: Richard Josslin <oldfogey@xxxxxxxxxxx>
> > To: omega-list@xxxxxxxxxx <omega-list@xxxxxxxxxx>;
> > realtraders@xxxxxxxxxxxxxx <realtraders@xxxxxxxxxxxxxx>
> > Date: Wednesday, July 08, 1998 6:32 PM
> > Subject: Substantial Time Lag Today with BMI Satellite
> > 
> > 
> > >Dear Fellow Traders,
> > >
> > >I have run BMI satellite as my real-time data feed since 1985.  From
> > >time to time I have heard from others among these groups that the data,
> > >particularly S&P futures data, occasionally lags the market, sometimes
> > >by 10-20 seconds, occasionally by more than a minute.
> > >
> > >At the end of this May, I subscribed to the LOS Squawkbox
> > >(www.los.net), and since then, while following the S&P futures market
> > >realtime, I have informally comparing the ticks on my monitor (1- or
> > >2-tick chart) with the call from the Squawkbox.  This is not exact, as
> > >the ticks on the screen represent "last price traded" while the
> > >Squawkbox broadcasts only bids and asks.  Nevertheless, I believe that
> > >I can readily tell when then are following one another more or less
> > >synchronously.
> > >
> > >In my experience, their synchrony has never been more than a second or
> > >two apart, with the monitor (satellite) prices lagging.
> > >
> > >Today, at the close, following a strong rally that made contract and
> > >all-time highs, the S&P market went into a trading range for about a
> > >half hour, and then many commercials began selling size heavily in the
> > >closing minute of trading.  The Squawkbox was going wild - it sounded
> > >like pandemonium reigned on the floor as the brokers were falling over
> > >themselves, executing trades in the final seconds --- a truly "wilde
> > >rumpus", indeed.  Over the Squawkbox, I heard the closing bell ring,
> > >signifying the end of trading.  I looked at the header at the top of my
> > >screen, showing the date and time.  It read 4:13 PM.  I was surprised,
> > >as I expected it to have just changed to 4:15 PM (Eastern), when the
> > >market closes.  I looked at the clock that is immediately in front of
> > >me and noted the position of the second hand.  Approximately 15-20
> > >seconds later, the time on my screen header changed to 4:14 PM.  A
> > >minute later, it changed to 4:15 PM, signifiying the end of trading
> > >according to my BMI satellite data.  After I heard the bell ring over
> > >my Squawkbox, my S&P chart continued to add new data; when the time on
> > >my screen header changed to 4:15 PM, the chart stopped making new
> > >ticks.
> > >
> > >I conclude that at the close of trading today, the S&P futures data
> > >that I received by BMI satellite lagged the market by over 75 seconds.
> > >
> > >Sincerely,
> > >
> > >Richard Josslin
> > >
>