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Even without Active X, realize that many brokers have
people who monitor order flow of profitable accounts
in the hopes of finding trades they can duplicate for
profit. Some of this is monitoring is legitimate and
by the broker's risk department. But much is blatant
theft of trading signals. So if you have an account
with TS.com and you have a profit, rest assured that
there is a good chance someone will be looking at your
orders. Unfortunately, it is totally legal for
brokers to trade after you get filled, mimicking your
strategies until they max them out learn/reverse
engineer them. "Front running," where the broker's
"risk personnel" get fills before you is technically
illegal, but it happens as well. It was one of Soros'
excuses for bad performance in his now defunct growth
fund.
Few people are aware of how common this is. Are any
of you so naive to think brokers like Windows on Wall
Street want our commishes? They clearly want
profitable flow they can dupe on their internal
accounts. Their earnings depend on it. And if you
look closely you will find Omega's new partner listed
such profit in their quarterly report to the SEC.
Will Omega use Active X to steal code? Probably not
is my guess. Is profitable order flow a key reason
this merger is going to be approved? Yes. Are most
people on this list aware of intellectual theft of
trading ideas? No. Should people be more concerned
than they are? Probably. Will someone like me
(trading a puny $10K account) ever know if it is
happening? Probably not.
Jack
--- Kent Rollins <kentr@mindspring.com> wrote:
> It should be pointed out that they don't have to
> store your systems on their
> servers in order to copy them. If TSPro is based
> ActiveX which I'm assuming
> it is, they can do anything to your computer
> including send your systems to
> their server, reboot your computer, scramble your
> registry entries and/or
> reformat your hard drives. Not that they would,
> just that they could and if
> you're concerned about your systems getting out, you
> need to be aware of
> this.
>
> Kent
>
>
> -----Original Message-----
> From: pierre.orphelin
> <pierre.orphelin@worldonline.fr>
> To: OmegaList <omega-list@eskimo.com>
> Date: Friday, December 22, 2000 8:42 PM
> Subject: Re: TradeStation Pro Review
>
>
>
> -----Message d'origine-----
> De : Lawrence Chan <stnahc@yahoo.ca>
> À : Bilo Selhi <citadel@adelphia.net>; Kent Rollins
> <kentr@mindspring.com>;
> JSweeney@Traders.com <JSweeney@Traders.com>;
> OmegaList
> <omega-list@eskimo.com>
> Date : samedi 23 décembre 2000 01:59
> Objet : Re: TradeStation Pro Review
>
>
> >.
> >
> >wonder if radar screen is on demand too ...
> >say I want to scan the whole mkt universe for
> >a specific criteria or system, could that be done?
> >
>
> Scheduled for later...as well as for OptionStation.
>
> >of course I cannot allow my system store at omega's
> >computer, I am not that stupid :)
> >
>
> Nothing of your personal work is stored on Omga
> Computers
> The database once downloaded is local, as well as
> the indictors and systems
> that share the same structure that existed with
> TS2000i ( work area, local
> HD)
>
>
> Rgds
>
> PO
>
>
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