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Thanks for clearing this up for the novice, like me.
Robert
Doug Deming wrote:
>The nite futures transmit too infrequently. Sometimes even the SP only
>trades at a rate of 1 tick per 5 or 10 minutes at times. Thus if you want to
>test a system on a 5 tick chart, you'd have to wait hours until enough
>5-tick bars were formed. The advantage of the "TestSym" is that it transmits
>at a regular, predictable pattern which is very useful in code development,
>especially if you're testing a new concept and need real time data to test
>it. The transmission frequency minimizes the waiting time in development.
>This allows the development to be completed and tested after RTH and then
>you can trade during RTH without worrying if the newly developed system is
>working properly.
>
>>I guess I don't understand but I was wondering why you couldn't use nite
>>futures to test your systems.
>>
>>Robert
>>
>>
>> Doug Deming wrote:
>>>Yes, the bandwidth reasoning is a poor excuse. Adding one more symbol to
>the
>>>10,000+ they currently transmit wouldn't seem to be too much of a burden
>on
>>>the bandwidth. Come on BMI, you need to respond to the users needs. We
>need
>>>a 24 hour, 5 tick per minute "TestSym".
>>>
>>>Date: Monday, December 14, 1998 5:46 PM
>>>Subject: Re: BMI and Bandwith??!!
>>>
>>>
>>>>I received an identical response. I agree about the bogus excuse of
>>>>bandwidth. Too many of us have indicators/systems that can't function
>w/out
>>>>it ("TestSym"). Now I'm wondering are there other data services that have
>a
>>>>similar timing symbol that we can substitute (assuming our
>indicator/system
>>>>code developers are willing to make the change)? A core component of my
>>>>daytrading approach has just gone out the window. If we can make such a
>>>>substitution, perhaps it'll lead a migration away from BMI & its callous
>>>>treatment of its customers.
>>>>
>>>>Michael
>>>>
>>>>
>>>>
>>>>At 07:14 PM 12/14/98 -0500, David Candle wrote:
>>>>>To help the group I wrote in. This was my response to BMI.
>>>>>Thats hogwosh. The amount of bandwith it takes up is super minimal.
>>>>>At 03:52 PM 12/14/1998 -0800, you wrote:
>>>>>> Dear Mr. Candle,
>>>>>>
>>>>>> Thank you for your patience for my response. I am afraid that the
>>>>>>decision has been made to not re-instate the "TestSym". The BTCI2F is
>>>the
>>>>>>symbol that you will have to use at this time. Providing timely and
>>>>>>accurate data is foremost. Having a symbol which provides information
>at
>>>>>>one time a minute (BTCI2F) as opposed to five times a minute (TestSym),
>>>it
>>>>>>was decided that the symbol taking up less bandwidth was the way to go.
>>>>>>
>>>>>> Please send further questions, comments or concerns to tsbmi@xxxxxxx
>>>>>>
>>>>>> Sincerely,
>>>>>> Ray Bamer
>>>>>> BMI Client Services
>>>>>> tsbmi@xxxxxxx
>>>>>> Direct 800.436.4036 choice #2
>>>>>> Fax 510.266.6060
>>>>>>http:/www.bmiquotes.com
>>>>>
>>>>>
>>>>>
>>>>
>>>>
>>>
>>>
>>>
>>
>>
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