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PureBytes Links
Trading Reference Links
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the e-trading chain is as strong as its weakest link. i view all
links as being weak now. ts5 is vaporware, zap futures is dependent
upon an incompetent delivery system such as the current cubs, and
traders are at the mercy of flaky isp's. pretty weak indeed.
if this is your vision of the future, you'd better hope that y2k woes
don't throw a king sized monkey wrench into the infrastructure. i
expect open outcry to coexist with some sort of e-trading at least
until after the y2k fallout is known.
oh, how's this for a scenario of how to decimate your account by
e-trading: ts server corrupts your database like ts4 does now, causing
a spurious e-buy or e-sell to be shot into the market and then shot
back with a e-fill. trouble is, it's a fantasy trade since it never
happened in reality. whoops, you're out on the golf and don't discover
the error until the evenings equity run and bang, you're 50 handles
per car in the crapper. shit usually happrens when you least expect it.
like i said, the e-trading chain is as strong as it's weakest link.
relying on ts5, cubs, and e-markets for the whole process now, and in
the immediate future, is a big crap shoot afa i'm concerned. i
seriously doubt that all things electronic as in trading will not get
going until after jan1 2000. after this real time stress test, we'll
know all about the weak links.
TJ
you can be lewis and clark, i'd rather be donald trump
---The Omega Man wrote:
Absolutely. Expansion of this is Step 1. The expansion's in the
works, as you know.
You'll see TS 5.0 totally integrated with Zap Futures (using CUBS) by
the end of '99.
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