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Unfortunately, BMI isn't interested in input from their customers. Since
they began trashing their real-time feed several months ago-- things have
only continued to get worse-- especially if you're an intra-day Options
trader.
First they eliminated the Trade Volume from the feed and announced that this
was necessary to give their customers "better service". Recently their
real-time bid/ask quotes have become worthless-- they don't even change for
minutes at a time and aren't even close to the real Market.
I questioned them on this yesterday and their lame response included a pitch
for their "Signal Online" feed. Does anyone know if the data on Signal
Online (Bid/Ask, Volume, etc.) is any better than their R/T Cable feed?
Here are excerpts from their response:
With the large increase in market activity in US stocks, our network buffer
data such as delayed data, news and options quotes. Our network places a
much higher priority on the transmission of real time US stock data because
most of our clients follow
real time US stock data. Until market activity on US stocks is reduced, it
is not likely that this situation will change.
Because the level of market activity is not likely to change, this situation
will probably remain the same for some time and could even get worse as
market activity increases. Because of this, you may want to consider other
methods of receiving data such as our Internet-based product Signal Online.
With the Signal Online service you can subscribe to real time stocks,
futures and options. The price of Signal Online is as low as $150.00 per
month plus Exchange fees prepaid
Thank you,
Jeff Wald - BMI Technical Support
___________________________________
At 03:36 PM 2/8/99 -0800, you wrote:
>The new BMI datafeed is quite an improvement over the old feed however there
>is one aspect that I can't get BMI to change and wondered if there was
>anyone that could offer any influence. That aspect is there are several
>hundred stocks (all BB stocks so far) that have price denominators (PRDEN's)
>of 100,000,000 and neither the 4.0 Quote Server nor BMI's own Market Center
>5.4 handle values over 100,000 properly. The prior datafeed limited PRDEN's
>to 100,000 which is more than adequate to accurately describe the price. I
>don't know why they are so resistant to change except that it might mean
>more work for them in the short term but if we can't get their policy
>changed, there is no limit to the number of stocks that could be converted
>improperly in the 4.0 Server. I don't know how the 3.5 server would respond
>but it would be interesting to know.
>
>If anyone has influence with BMI, it surely would be appreciated.
>
>Bob Scott
>
>
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