|
PureBytes Links
Trading Reference Links
|
Oh, I see. You think a clearing firm just clears trades. There are locals or
as you say floor traders and some of the biggest bond futures traders on the
floor at our firm. We also have many off the floor traders clearing trades
through us. The point is that the wonderful world of back testing on Trade
Station is replaced by more sophisticated programs and in house computer
programmers.
The home grown solutions are just not used by the people at our firm. That
is not to say TS does not have its good points. We just have not found it
useful for the professionals at our firm and their style of trading...that's
all.
-----Original Message-----
From: Gerrit Jacobsen <jrt@xxxxxxxxxx>
To: Neal T. Weintraub <ntw@xxxxxxxxxxx>; omega-list@xxxxxxxxxx
<omega-list@xxxxxxxxxx>
Date: Tuesday, September 22, 1998 3:23 AM
Subject: Re: Yet another letter to Bill Cruz
That might tell you something about your clearing firm - but not
about Tradestation. I cannot see why any clearing firm needs TS at
2400$ each just to check your executions - unless they are punting
your systems.
> I am here in Chicago and I cannot find one Trade Station at my
> clearing firm. But then again we are only a clearing member of the
> Board of Trade. Not a bash, or a trash...merely a fact.
>
>
> >No offense to anyone's opinions here...but TradeStation programs are not
> sitting
> >on thousands of institutional trading desks. TS is certainly not up to th
> >rigours of a large networked trading area and the technology offered to
TS
> users
> >is just not worth an institutional trader's time and energy--Other
> platforms are
> >available that are much more reliable and equipped with better
technology.
> >
> >If Bill Cruz and others at Omega don't care about the individual trader
> because
> >they are dreaming of equipping large institutional trader with TS version
> 5,
> >it's no wonder they don't understand what we are asking for--They've lost
> all
> >touch with reality.
> >
> >Best,
> >
> >Tim Morge
> >
> >HarriMonk@xxxxxxx wrote:
> >>
> >> Mark Brown wrote:
> >> <<1. They are too busy answering the phones for sales and could give a
> shit
> >> less about us?>>
> >>
> >> No and yes . At $1,100+ per month for a license for Dow Jones Teletrac
> Trade
> >> Station I would think their thoughts are totally removed from the
private
> >> trader altogether . It's obvious that Omega are totally orienting
> themselves
> >> towards the institutional IT buyer. DJT does all the marketing to the
big
> >> investment banks - who could buy, say 50 licenses per site- and
provides
> >> (among other things) full customer support and a y2k compliant server
> whilst
> >> Omega simply sit back and collect royalties. Probably more lucrative
and
> >> hassle free than slaving away for y2k patches and upgrades for multiple
> data
> >> source using spare bedroom traders who read TASC.....
> >>
> >> Regds,
> >>
> >> Harri.
> >
>
Gerrit Jacobsen
http://www.tickscape.com
|