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MB:
I am sorry to hear about the low quality of the ADP feed. The question is
what can I do about it. I hate the idea of paying good money for low
quality products. But as a retail trader what choice is there. I can;t
afford institutional quality real time quotes or even a decent broker. I
have to use cheapo internet brokers to keep transaction costs down. I would
like direct access to an electronic market without broker involvement and be
able to see the same actual quotes that the professionals see and have the
ability to place trades at very low cost. Since us traders take all the
risk why do we have to pay transaction costs above the bid/ask spread and
also be expected to do all this with an inadequate quote service.
Best regards
Bill Wood
> -----Original Message-----
> From: Mark Brown [mailto:markbrown@xxxxxxxxxxxxx]
> Sent: Tuesday, May 11, 1999 12:36 PM
> To: William R Wood; Omega Email List; James H. Snowden
> Subject: Re: DTN feed with TS2k build 512
>
>
> > I said I checked Dell, Intel and several other stocks ( a total of 6
> symbols at random, not all 18k symbols collected by GlobalServer) with my
> broker and they all matched up. My broker uses the ADP datafeed.
>
> ADP does not even qualify as a fifth rate data feed. They were
> ranked last
> or near last of ALL Institutional data feeds. I personally had a ADP data
> feed on my desk for two years. ADP practically has no money paying
> subscribers. You the client are paying for your brokers data
> feed with soft
> dollars provided to your broker through commissions generated. What does
> all this tell me? Your broker is connected to one of the few big broker
> houses that demand big commissions so their overhead can be paid by soft
> dollars that are generated by over inflated commissions. ADP is
> one of the
> sorriest data feeds in the business, and they are constantly
> locking up and
> totally unaware of this unless someone like me (the consumer) called them.
> I used ADP at two different brokerage houses and the system was
> consistently
> bad to say the least. My contact at ADP was Kevin Shay 312-855-6086, just
> so you know I am representing myself correctly when I say I have
> experience
> with them. MB
>
>
>
> > Bill Wood
>
>
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