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Well, I've waited for reports on tick counts, and only a few came in
despite repeated requests, so the report will be a bit sketchy.
12/10/99 tick counts:
SP full(incl nite)
Quote.com + dynastore 5831
BMI Cable 5562 - 5784
SP day only
official T&S count 4327
BMI Cable 3982
Tenfore Europe 3147
Signal Cable 2026
ES
Quote.com + dynastore 17990
BMI Cable 16900 - 17900
Omega FTP data 13225
Tenfore Europe 11936
Signal Cable 8204
12/13/99 tick counts:
ES
official T&S count 13883
Signal Cable 9161
Tentative conclusions, based on the above and other data (and I invite
your comments on these):
Signal Cable has been degrading over the last two months and is now almost
useless to trade futures. Some days have less than *half* the real ticks.
The actual number of ticks filtered by Signal varies considerably from day
to day, so even the *ratio* of Signal/real ticks varies a lot.
It would seem that very few people use eSignal for futures. It was like
pulling teeth to get even one response :-). With so little data, the
question of filtering of eSignal ticks is STILL open. If some of you would
like to volunteer to get eSignal tick counts for a particular day(or 2),
please let me know and we can then do a better comparison, and perhaps
settle this question.
Quote.com looks like a very good alternative to BMI for futures.
(Competition at last! :-).
Some other ideas (and I invite your comments on these as well):
Folks using BMI or Signal Cable might want to check ticks for selected
high-volume stocks and do a similar comparison. Might be veeerrryyy
interesting...
Judging from the survey responses, almost everyone uses BMI - it seems
they get subscribers no matter what they do, or don't. There have been
complaints on trading lists about BMI, particularly since taken over by
DBC. In one discussion thread, someone wondered why people would stay with
BMI. Perhaps it is the least miserable choice of a bad lot, and they can
get away with "take it or leave it".
Any other comments from you folks?
Larry
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