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Really, if you think about it, nothing has changed with price data in almost
100 years. In the early part of the 20th century you could get a "wire",
which was "expensive" and did not always keep up with the market are even be
accurate. Nowadays you can still get a "wire" (DSL or T1 or Frame Relay or
whatever, but it is still a wire) or use a sat feed, but they all still have
that built in delay and potential lack of accuracy due to latency or
bottlenecks or down routers or one of many problems. One still needs to be
very close to the source in order to get clean data. In today's world of
electronic trading that means being as close as possible to the main server
that actually handles the electronic trades. If you are on the same network
it stands to reason you should be able to get better data. That was the
reason traders moved to NY in the early days, to be "close to the data" so
to speak, even if they were not directly on the floor.
We are really no better off than those early traders because we're all in
the same boat together, except for the guy that is directly on the Globex
network.
Eric Langley
----- Original Message -----
From: <TradeWynne@xxxxxxx>
To: <tradergirl@xxxxxxxxxxxxxxxxxx>; <omega-list@xxxxxxxxxx>;
<nchrisc@xxxxxxxxxxxxx>
Sent: Saturday, May 20, 2000 6:39 PM
Subject: Re: The ticks DBC isn't sending
> In a message dated 5/20/00 3:02:17 PM Pacific Daylight Time,
> tradergirl@xxxxxxxxxxxxxxxxxx writes:
>
> > This may sound paranoid, but does anyone think that this could be a
> > conspiracy?
>
> DBC/BMI just stink, they've filtered and/or butchered ticks for a long
time.
> It is not a plan, they are simply very complacent and incompetent.
>
> Bill Wynne
> SmartTrades.com
>
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