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Re: Re:Exchange Fees



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Trading Reference Links

I should add that I have a DSL line with a static IP address which is the
best alternative for receiving data via the Net (outside of a T1/T3 line).
Cable modems are a very close second.  The comparisons I mentioned earlier
were all made with other traders who either had a DSL or cable modem.  PCQ
wins hands down over eSignal for our application.

For those using analog modems, a quality ISP is critical if you want to
receive quotes via the Net.  And not all ISP's are created equal.  Prior to
upgrading to DSL and being forced to switch ISPs, I used AT&T as my ISP and
their service was outstanding with consistent 50.6/52.0 connections.  You
can also talk to your data provider and ask them which ISPs they recommend.

Hope this helps,

Bob

-----Original Message-----
From: stuart a. miller <sunsetisles@xxxxxxxxxxxxxx>
To: Bob Heisler <bheisler@xxxxxxxxxx>; Ullrich Fischer
<uf@xxxxxxxxxxxxxxxxxxx>; Lamont Cranston <strategies@xxxxxxx>;
omega-list@xxxxxxxxxx <omega-list@xxxxxxxxxx>
Date: Saturday, October 30, 1999 7:21 PM
Subject: Re: Re:Exchange Fees


>My two cents worth,
>
>I trade the S&P's and Bonds, and after much downtime with PCQuote, even
>after switching to their new server farm, I have cancelled PCQuote.  Now,
>now both of my WinNt 4.0 computers to ESignal which I find, to the
contrary,
>to be equal if not faster than PCQuote 2000 Hyperfeed.  Perhaps it's a
>matter of routing.
>
>Stu
>
>
>
>
>----- Original Message -----
>From: Bob Heisler <bheisler@xxxxxxxxxx>
>To: Ullrich Fischer <uf@xxxxxxxxxxxxxxxxxxx>; Lamont Cranston
><strategies@xxxxxxx>; <omega-list@xxxxxxxxxx>
>Sent: Saturday, October 30, 1999 6:36 PM
>Subject: Re: Re:Exchange Fees
>
>
>> 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
>> >
>>
>>
>