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Look if you are trading the S&P you need to execute through a member who
will give you the bid and offer....especially if you are not doing the E
mini
neal
-----Original Message-----
From: Bill Masi <billmasi@xxxxxxxx>
To: omega-list@xxxxxxxxxx <omega-list@xxxxxxxxxx>
Date: Thursday, July 09, 1998 8:16 AM
Subject: Signal Data Speed
>
>I've got a good friend who trades the S&P intraday only. Into this morning
>he's had thirty winners in a row.
>
>This morning he took a loss in the first ten minutes of trading.
>
>He runs his analysis package (not TS, by the way) off an international
>Signal Cable feed.
>
>
>Here's what I saw while he was taking his loss:
>
>At 9:37 my Signal cable feed was behind my Internet Signal feed by TWENTY
>FIVE SECONDS. During that time I saw a divergence of EIGHT TICKS between
>the two.
>
>So when my friend picked up the phone to close his long at a profit, he
>thought the market had paused at 74.00; it was actually at 73.20 and
falling.
>
>He said, "I've never seen such bad slippage on an exit." (It wasn't a fast
>market, it was the slow cable.)
>
>For the record, an hour later the cable is behind by 2 seconds. It
>normally lags four to sixteen seconds during any given session.
>
>Also, I'm not running a T-port in the cable system. Given the speed of
>the ticks on both setups at the open today, I can't imagine that was a
factor.
>
>Everyone running TS and trading on a short time frame should be looking
>forward to the new iteration with the Internet feed. The downside is that
>it's not a reliable connection unless you've got a dedicated line into your
>Internet Service Provider. I lose the Internet connection about twice a
>week and have to reconnect manually.
>
>Of course, it won't be long before Signal and Omega have an automatic
>re-connect feature... ;>)
>
>Happy trading,
>
> Bill Masciarelli
>
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