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Companies like Reuters, Knight-Ridder have for years run the dual
approach:
1. A continous datastream either by satellite or leased line which
updates a local tickbase.
2. the possibility to get historical data on the fly via a leased
line for data that has not been collected.
The main problem is that the low cost feeds didn't bother for years
to collect their historical data.
I personally find the internet not reliable enough for RT delivery -
which is why I would always use satellite or leased line and collect
the data myself. Furthermore I like to have ownership of my data and
like to be able to manipulate it myself.
But for sure I would l love to get historical data by internet.
The ideal solution has not arrived yet in the low-cost arena but will
surely come. DBC and others have all the technical possibilities they
just need to implement them.
Gerrit
> We all spend WAY TOO MUCH time maintaining data. Losing an ISP
> connection intraday is devastating (for 2000i users such as myself)
> I am a new member to this list, but an experienced (and chagrined)
> Tradestation 4.0/2000i user.
>
> Regarding the business model, I believe that Omega is missing the boat. In
> addition to the ridiculous number of flaws, bugs, omissions, incomplete
> structures, etc. in Prosuite, there is a basic architecture question.
>
> We all spend WAY TOO MUCH time maintaining data. Losing an ISP connection
> intraday is devastating (for 2000i users such as myself) with no way to
> recover. It normally takes me 15 to 45 minutes to get reconnected following
> a computer freeze or ISP loss.
>
> Nights are spent updating portfolios, and trying to download data, again
> with the poorly designed historybank.com. I would much rather be writing
> code or evaluating trading systems and methods.
>
> I believe that a better topology would be a browser based system (like
> q-charts) which allowed user programs (EasyLanguage) to run intraday,
> real-time, at the server, with only viewing at the client. This would free
> us of this data headache, and also allow us to shift (intraday) to symbols
> not already loaded in our portfolios. Assumably the server would be of
> great computing power to serve all the users simultaneously.
>
> It would free us of the need for massive local processing power (I am
> considering dual Pentium with NT, just to solve the 2000i CPU crunch
> problem).
>
> >From a customer service viewpoint, we would only be viewing, relieving OMEGA
> (or the company that does this!) of the need to help maintain local
> databases everywhere.
>
> This would not be so difficult for one of the high-end data providers to do
> now--they only need the EasyLanguage interface. I have personally mentioned
> the idea to both Quote.com personnel, and to the NextTrend CEO.
>
> Perhaps Omega could make a deal with one of those companies, as they clearly
> don't have the talent to do it themselves. (God help us!)
>
> This is a problem which is most applicable to stocks, obviously.
>
> Anyway, just some thoughts. Comments???
>
> Dave Johnson
>
> -----Original Message-----
> From: Chris Baker <chrisbak@xxxxxxxxx>
> To: Omega List <omega-list@xxxxxxxxxx>
> Date: Thursday, September 09, 1999 11:11 AM
> Subject: Re: So, where's the beef?
>
>
> >----- Original Message -----
> >From: John Hayden <sente@xxxxxxxxxxxxxx>
> >To: <ggautier@xxxxxxxxxxx>
> >Cc: <omega-list@xxxxxxxxxx>
> >Sent: Wednesday, September 08, 1999 4:33 PM
> >Subject: Re: So, where's the beef?
> >
> >>Omega should remember what happened with
> >> Compu-Trac.
> >
> >I agree - I'm wondering whether Omega will even be in business 5 years from
> >now. Bill Cruz's illusion that Omega has worked hard on their 2000
> product
> >line is just one of the many problems Omega faces.
> >
> >The focus on a 30-day warranty period is another significant problem.
> That
> >is most companies warrant that their products work as documented, not that
> >their products work for 30 days. This very short-term focus seems to
> >prevail through-out the company.
> >
> >The lack of focus on quality of Omega's products and support is another
> >significant problem, as is the failure to view their customers as partners
> >as opposed to someone to be sold something. Overall I'm not sure Omega
> has
> >the management or the correct business model to be successful in the longer
> >term. Therefore looking at other available trading products seems very
> >wise at this point.
> >
> >
>
>
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