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Re: BMI Datafeed



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Ron

another.... wee  little tid-bit ,  " if " vol on per say op is less than [ < ]
100, the feed itself on the particular will be delayed as well.         Ain't it
sweet !!

fletch

Ron Augustine wrote:

>
> 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
> >
> >