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Just a point or two I would like to add regarding FutureSource data. IF you
trade using tick data and TS4, you must already know about the resending of
blocks of tick data (sometimes 30 to 50 ticks per resent block) which makes
the datafeed lag behind by up to 15 seconds, yes, FIFTEEN SECONDS behind
DTN. I compared the feeds side by side and I have watched FutureSource data
lag behind DTN each time the bad blocks are resent, 25 to 30 blocks of data
are resent each week in the E-Mini Nasdaq and the E-Mini S&P usually has
about the same, this means there are 25 to 30 times each and every week
where your real time tick data can lag DTN or any other average quality
datafeed feed by 10-15 seconds in these markets. Whether this is important
for everyone, I can't say. All you need to do is run the integrity check and
you will discover the errors. This occurs mainly on the E-Mini Nasdaq and
E-Mini S&P contracts. As I stated previously, these errors will collect in
the data files and will cause a crash in TS4, if you use tick based charts
that are built using more than a couple days of data. Also, I used the
CalcSource DDE link from FutureSource and there is no refresh data
correction available with any time-frame, variable, daily, weekly or
perpetual. Anyone considering FutureSource data should be aware of the
limitations and defects with FutureSource. Also, just received my Christmas
present from FutureSource, a letter informing me FutureSource was unaware of
Texas sales tax regulations and I now owe them sales tax they failed to
charge for 1997 to present, amounting to $1,053.
(one-thousand-fifty-three-dollars). And I still waiting on a
follow-up call from Mr. John Schillaci, COO of FutureSource, regarding his
promise of having a programmer hired to write a patch to allow the export
function to export useable data in ASCII format. (over 3 months and still
waiting). I've concluded that I can live with a faster datafeed (DTN),
although I do miss the refresh abilities of FutureSource, but surely I can
purchase clean refresh data if I need it, with the $250.
(two-hundred-fifty-dollars) I save every month. And I do miss TS4. Just my
thoughts....
Joe Cansler <<jcansler@datarecall.net<<
----- Original Message -----
From: "Jim Johnson" <jejohn@erols.com>
To: "Chris Cheatham" <nchrisc@swbell.net>
Cc: "Omega List" <omega-list@eskimo.com>
Sent: Saturday, December 30, 2000 7:58 PM
Subject: Re: FutureSource data
> I can echo everything Chris said. I use FS on two machines (two cards)
> and almost twice the cost except there is break on the second set of
> exchange fees.
>
>
> Two poits of difference: I understand they no longer carry OEX
> options. And, it is not necessarly to manually paste in varialbe data
> you missed--it is done automatically.
>
> The net (that's a pun) for me is that I no longer have to mess with
> data maintenance as I was doing with Internet based feeds. It is
> certainly worth the additional cost.
>
>
>
> Best regards,
> Jim
>
> Saturday, December 30, 2000, 5:46:57 PM, you wrote:
>
>
> CC> A number of people have asked me recently about FutureSource data -- I
> CC> thought I'd share my experience for the benefit of all.
>
> CC> FS offers data for TS4 in addition to their proprietary charting
packages.
> CC> It does not work with TS2000i. I tried running a few symbols via
Excel DDE
> CC> and Omnicom to 2000i on an second pc, but was not satisfied with the
> CC> results. There was talk a year or so ago of FS doing data for 2000i
and
> CC> doing a networked TS product, but given Omega's new direction, I would
> CC> speculate that it will never happen.
>
> CC> FS has its own standalone data management software which is quite old.
It
> CC> takes quite a while to set up all your symbols initially, but
thereafter, it
> CC> works well. FS only has commodity, futures (and futures options),
index and
> CC> forex data. No stocks. No equity options but OEX. Index data is very
very
> CC> limited compared to most any datafeed. No adv decl for nasdaq for
> CC> instance. No SOX, No IIX. Various other obvious things are missing.
>
> CC> Separate files for daily, weekly, monthly, perpetual. Historical data
comes
> CC> with it. Tell it what you want, and with in a week or so, it will
> CC> automatically be saved. What they call perpetual is unadjusted
continuous.
> CC> When an old contract expires, the new one starts getting added to
file.
> CC> This is the way their weekly and monthly data works also. I spent a
large
> CC> amount of time trying to come up with a way to import adjusted data
and
> CC> concluded that it cannot be done. So it is not a great package to
trade EOD
> CC> systems.
>
> CC> Intraday data is saved as variable (1 min.) or tick. Variable files
are
> CC> error corrected -- they broadcast corrections and charts update
> CC> automatically. Tick charts are not corrected, however. This can be
done
> CC> manually, but it is not very user friendly. I don't use that many
tick
> CC> charts, so not a big deal for me. Every day they broadcast variable
refresh
> CC> data. If you miss some data during the day, just paste in the data
when it
> CC> is sent that evening. Not all symbols are included in this refresh
data,
> CC> but most major ones are. You can request whatever data you need from
them
> CC> by phone or email 24 hours a day. Tech support is 24 hours a day as
well.
>
> CC> Oh, it does not save tick volume as well.
>
> CC> I use a 1 meter dish, and only very rarely have clouds come over thick
> CC> enough to stop the broadcast. Reliablity 24 hours a day is the reason
I
> CC> went with FS (from esignal) and I have not been disappointed.
>
> CC> FS has most, if not all, futures exchanges in the world. Most are
available
> CC> delayed for free, as is cash forex. Also, they carry things from
exchanges
> CC> that not all vendors carry. For instance, they have tick-by-tick cash
> CC> Nikkei 225 and 300 from Simex that esignal did not carry, Likewise on
Eurex,
> CC> Liffe, etc.
>
> CC> FS cash forex costs $150 a month extra RT, but it is worth it. Errors
are
> CC> corrected automatically. You can track individual bank's prices,
instead of
> CC> just all collectively. A couple of examples: You can make a quote
page of
> CC> every $/yen quote in the market. Or, I have an account with CMC,
which is a
> CC> FS contributor. I can chart CMC's prices separately from the
> CC> multi-contributor feed.
>
> CC> Overall, I have been very pleased to date with the quality and
reliability,
> CC> which is the reason I switched. It is more expensive than most TS
feeds--
> CC> mine runs $270 a month, not counting news, exchange fees or FX. It is
by no
> CC> means perfect, but it is always there. No more sweating to keep the
damn
> CC> DSL line up 24 hours a day alone is worth a few extra bucks to me.
>
> CC> Regards,
> CC> Chris
>
>
>
>
>
>
>
> --
> mailto:jejohn@erols.com
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