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"With TS, you have your system on your own computer. With the new OR inet
strategy, YOUR system will execute on THEIR computer. YOUR new ideas will
be on THEIR computer. YOUR system tests will be on THEIR computer. YOUR
real-time trading results will be on THEIR computer. Everyone's trading
habits will be known to Omega. "
I doubt this is how it will work. Your system will continue to run on your
machine and privacy will be maintained. Imagine an unlimited number of
systems of variable size that are super large with all the custom dlls.
How will they integrate current installed base with this idea? I don't
think they could. Besides, why would Omega want to alienate the 3rd party
vendor market they've worked so hard to develop? Imagine god knows what
running on their server. There would be so many hacks and viruses uploaded
to the Omega server that ran the code, it wouldn't get off the ground. Even
a Cray would struggle under the weight of 40, 50, 60,000+ systems running
simultaneously on different markets and different signals, not to mntion
many with some weird link to a custom dll's and whatever else people have
hooked up to TS. It would be better just to keep all of that on the client
and send down the data. That way Omega gets what they want (huge
reoccurring revenue) and users maintain the privacy and flexibility they
expect from Tradesatin -- the reason they use TS in the first place.
The only thing that sets TS apart from other software is it's real time
monitoring and flexible backtesting capability. Take that out and you've
got just another stupid charting package.
I see them becoming a glorified data vendor with special tools offered
through the internet. Data will be provided on demand just like other
internet data vendors. This makes sense for Omega because it gives them an
easy (and immensely profitable) sell to TS buyers and also gives them
reoccurring revenue each month. This will generate more $$$ then selling
software ever could. Reoccurring monthly cash flow is something they
don't have in substance currently. They've been trying to get this with
the shows and geeky system dev clubs they offer, but data vendor business
will give them much more. Customers buy the software and while their
wallets are open, they get them to sign up for streaming real time data.
Or hell the software is free and the data is what costs money. Since TS
has existed Omega has worked hard to deliver customers to the data vendors.
Now they'll capture that revenue. They'll work hard to deliver the data
customers to Omega. Entire companies have been built on data vending
alone -- more than software alone -- so the growth potential for OR is
good.
-----Original Message-----
From: Larry Wright [SMTP:lwright@xxxxxxxxxx]
Sent: Tuesday, November 09, 1999 8:30 AM
To: Omega List
Cc: Code List
Subject: Omega $ide $trategy
With TS, you have your system on your own computer. With the new OR inet
strategy, YOUR system will execute on THEIR computer. YOUR new ideas will
be on THEIR computer. YOUR system tests will be on THEIR computer. YOUR
real-time trading results will be on THEIR computer. Everyone's trading
habits will be known to Omega.
Not bad for OR - they get to pick and choose among the best systems for
their own use, and again the **users** do all the work. With a little
extra programming at their end, their computer could execute the very best
trades for themselves, using your best systems.
To make even more $$, they will be able to focus only on those folks doing
well, to target them with more $$-making 'service' ads. Omega spam - in
spades. And think of all the vultures who would pay OR big bucks to know
who the big-money traders are.
Welcome to the new Inet concept of privacy...
Larry
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