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> This also depends on Omega not financially screwing those of us who have
> already paid for two or more generations of deficient products.
In my case, it serves me right. Our TS payment is almost like a Professional
Traders Club's membership due. TS's backtesting capability has been the de facto
standard and no one came close to their lead. WOW tried hard to came up with a
TradeTalk language that understands EL as well as their own formula, but they
seemed to have given up by the time they were bought. I bought TradeStation on
the verge of paying TickData $800 for every years' ticks for only SP500 500
stocks. I couldn't believe that they threw in 4.0 refreshment data for free, all
stocks, using their strong arm to negotiate with BMI. I almost paid CQG a lot of
money for NYSE Adv etc, $8 per month per symbol for 1 minute data! If one did
not take advantage of all that, he/she owes an apology to his/her money. he/she
should have bought WOW for $170, great charting (better than TS). The problem
was WOW's technical support was more than one order of magnitude lousier but I
understood I got what I paid for and the simple package did not a lot of
technical support anyway.
They throwing in more free data for s/w revenue then; they are going throw in
more free s/w for recurring data/service revenue now on. So our current products
are depreciating fast now on; we hope our investment can exchange for big
streaming data / historical retrieval service discounts later.
> In my case I am still paying monthly for a Prosuite upgrade that I am not even
> using.
I don't understand the ownership transfer thing. Why can't you sell it if you
don't need it, along with all the 3rd party products? The new owner doesn't get
technical support? What about 4.0 - lots of us got free upgrade from 4.0 to
2000i (if 4.0 was bought close enough to 2000i release) and they could sell 4.0
to pay off their 2000i account balance and OR's support cost would be left
unpaid - is that OR's problem with ownership transfer?
Heard of lots of debates on where the systems are going to be run with
TradeStation.com. For custom systems and indicators, they are surely going to be
running on your own PC so that your EL bug (deedlooping, say) would not tie up
their server for one thing, and you can't sue them for their h/w's
miscalculation of your signals for another. There is no way to determine whether
or not a piece of EL code is looping infinitely from computer programming point
of view. That said, it is possible that they provide calculations and feed the
results to front end client product, call it TradeStationFacade, for lots of
popular indicators; it is also possible that they transform their SysDevClub
into an OR Proprietary Trading Systems Service that they provide calculation
streaming service for their sophisticated systems, for all version of
TradeStation, for the symbols you specify. Along this line, the sure thing and
the most valuable thing is that they would provide better real time stock day
trading market timing services via real time scanning of the whole market
(10,000 stocks) for inefficiency pockets, more sophisticated than QChart's
hotlists, thus rendering your RS less useful. The key is that the only thing
that could be running on their server would be their own trading systems /
indicators if at all, not custom ones.
What about backtesting that accesses large amount of historical data? GS would
be replaced by a big caching mechanism behind the curtain and all the data could
be downloaded for that particular backtesting run prior to the run, and you can
change the default aging setting for fading out the cached data, just like the
URL history in your web browser now. The enabling factor for all this is DSL and
cable modem.
RS and OS do not depend on history much and are going to be the first
applications bypassing GS and get hooked up w/ FDCN.
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