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$40 !! Considering an order may be only 10-20 keystrokes, that is a lot !
(per keystoke)
And THEN considering a keystroke is normally only 0.2 seconds, and the
exchange fees and broker overhead would amount to 50% of the charge, the
calculated PER HOUR charge would be:
(40 * 0.5) divided by:
2 orders times 20 keystokes times 0.2 seconds per keystoke divided by 3600
secs/hour
comes out to $9,000 per hour
that's fair....right ?
> -----Original Message-----
> From: Gary Fritz [mailto:fritz@xxxxxxxx]
> Sent: Tuesday, November 07, 2000 12:44 PM
> To: prosys@xxxxxxxxxxxxxxxx
> Subject: RE: Interfacing Tradestation w/ DATEK or other broker
>
>
> > The brokers are completely against this technique/approach.
> > They are starting new departments that do nothing but handle orders for
> > "systems-only orders".
> > And charge handsomely for this "service".
>
> Yeah, TradeCenter does this for "only" $40/RT. Even for minis!!
> Gack.
>
> I found one broker that will do it for $20/RT for minis, if you're
> looking. Problem is, he only has FutureSource data.
>
> Gary
>
>
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