|
PureBytes Links
Trading Reference Links
|
Hi Ullrich,
I am not certain if you have seen the announcements, but the CME and CBOT
have announced new reduced fees beginning in January. I believe the CME is
going from $55 to $10 a month for non-professionals. CBOT is cutting their
rate in half to $30. I do not trade stocks, so am not familiar with how
those fees are structured at the different data providers. I just follow
the top leadership/market cap stocks so do not encounter the 500/1000 symbol
limitation.
I would also like to comment on PC Quote. I have been using their service
for the last couple of months with TS2000i. Their new server farm has been
very solid. Their data is very fast and the quality of the data is
excellent. I am a former BMI/DBC customer and I can tell you that the
quality and speed of the data is considerably better than DBC - particularly
on the indexes. I will give you an example for you to compare - I use Tiki
in trading the S&P. With PCQ I receive over 3,100 ticks each day for that
symbol. With BMI I used to receive 550-600.
For speed comparisons, I used to compare the Mini at Quote.com with BMI.
BMI was always a few seconds behind. PCQ is always a few seconds ahead of
Quote.com. Quote.com gets their data from S&P Comstock which is an
excellent data stream, so PCQ is doing a great job.
I offer training on a limited basis and have several clients who currently
have eSignal. We have done extensive comparisons and they have all decided
to switch to PCQ.
Hope this helps, and feel free to reply if you have any questions.
Bob
-----Original Message-----
From: Ullrich Fischer <uf@xxxxxxxxxxxxxxxxxxx>
To: Lamont Cranston <strategies@xxxxxxx>; omega-list@xxxxxxxxxx
<omega-list@xxxxxxxxxx>
Date: Friday, October 29, 1999 10:09 PM
Subject: Re:Exchange Fees
>I agree, data fees should come down. I particularly resent paying an extra
>$50 a month to bring my maximum symbol count at eSignal up to 1000 from
>500. I suspect the only thing that will get the datasuppliers' attention
>is competition. I'm seriously considering moving to PCQUOTE when my year
>with eSignal ends in April. My only concern is relative reliability of the
>data. eSignal has been reasonably solid. I've heard some worrying reports
>about PCQUOTE. Hopefully by April, either PCQUOTE will have solved their
>quality issues or dbc will have dropped the surcharge. -uf
>
>At 09:48 AM 10/29/1999 -0700, Lamont Cranston wrote:
>>To The List:
>>
>>I responded to a message the other night and copied the list, but got no
>>answers, so am resending the message.
>>
>>Since we as individual traders make up a very large part of the markets,
and
>>therefor constitute a large part of the data, through our trades that we
>>execute on the various exchanges, should it not follow that we should pay
>>smaller exchange fees than the large institutions? Another thing the
burns
>>my a__ is the fact that BMI and Signal tack on an additional $20 for each
>>exchange the you subscribe to.
>>
>>I was glad that the list brought this subject up because I have been
>>thinking about forming a coalition among individual traders, that in some
>>way, we as a collective force, can influence the fees that the exchanges
>>charge for the data they provide.
>>
>>I'm not sure how to go about this endeavor, but if anyone on the list has
>>any suggestions your input would be greatly appreciated.
>>
>>Lamont Cranston
>> "who knows what evil lurks"
>>
>>I'm not sure how to go a
>
|