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I believe that they have improperly collected Exchange Fees in the past. They
have required a full month's notice to remove an Exchange from a subscriber's
real-time data subscription. So, for example, if in the middle of March one
notified DBC to immediately remove the CBOT from his datafeed, the removal
would take effect then, but he would be obligated to pay DBC the Exchange Fee
not only March (which is justified as Exchange Fees are collected as of the
first market day of the month) but also for April. DBC would not owe the CBOT
for April but would have collected the Exchange Fee from the client --- in
effect transforming the April "Exchange Fee" from a rightful obligation owed
to the Exchange to a hidden Termination Fee collected by DBC.
Brian Massey wrote:
> "Maybe they are
> pocketing exchange fees like the bucket shops of old.... ;)"
>
> you know this would ** not ** surprise me since they've reportedly lost
> money on the data delivery service.
>
> > -----Original Message-----
> > From: TradeWynne@xxxxxxx [mailto:TradeWynne@xxxxxxx]
> > Sent: Friday, February 25, 2000 7:52 AM
> > To: frwd@xxxxxxxx; omega-list@xxxxxxxxxx
> > Subject: Re: bmi cable lag
> >
> >
> > In a message dated 2/24/00 11:35:46 PM Pacific Standard Time,
> > bnm03@xxxxxxx
> > writes:
> >
> > > 3-5 ticks? that's not that bad.
> >
> > If the market you are trading only has 5 ticks per minute then
> > obviously that
> > could be a 1 minute lag.
> >
> > >how much lag is there in the DTn sat?
> >
> > I'm hearing good things about DTN. BTW, they have agreed to add
> > A/D data. The
> > head of tech ops called me in response to pressure from the LIST,
> > and I'm not
> > even a customer ....yet. He tells us they will try to add our symbols in
> > March. Thanks to everyone who Emailed them. DTN wins and we
> > (traders) win. In
> > 10 years with DBC/BMI or Omega that kind of response to problems never
> > happened once. It shows a difference in the corporate cultures
> > which speaks
> > poorly about both DBC/BMI and Omega. Omega could have fixed the
> > A/D problem
> > on their end, but never even responded, much less made the effort
> > to fix it.
> >
> > > if
> > > you compare BMI to a 56k cybercorp internet connection, BMI
> > lags on most
> > > days by around 15-20 ticks in the morning (45" to 1') and
> > about 30 seconds
> > > midday when things slow down. that's my experience anyway.
> > cybercorp's
> > > feed can't be ** that ** fast.
> >
> > Again, if you are looking at Nasdaq stocks with 60-80 ticks /
> > minute you are
> > talking apples and oranges compared to a 5-10 tick / minute market.
> > Nonetheless, it is clear that BMI/DBC cable is delayed data.
> > Maybe they are
> > pocketing exchange fees like the bucket shops of old.... ;)
> >
> > Bill Wynne
> > SmartTrades.com
> >
> >
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