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If parties on this list were interested in buying a trading platform company,
you should be considering Traderware as well.
First let me state though that I don't say this from a completely subjective
basis. I have been in talks with Charles Hargrave and Steve Yates to
represent them to license the Traderware product to potential resellers. I
have not yet signed an agreement though.
Charles and Steve are wanting to license the product to some entity. I have
tentatively approached a couple of banks, brokerage firms and quote vendors
about the product.
Actually, there are two products. One is the full bodied Traderware, which
runs on a quote.com feed. The second is Traderware Lite, which connects to
another feed which escapes me, (NAQ?). Traderware light was designed for
brokerage firms and systems trading operations which want to offer canned
hard programmed systems, with no backtesting or VB programing capability.
One of the most vexing problems for Traderware is that it needs to develop a
user community committed to furthering the product. We have such a community
right here.
Another problem is that so many people are hung up on blaming Mark Brown for
this or that, that they are missing the larger picture and opportunity.
Here is a pretty good product, with a few issues, but not insurmountable. I
know Steve has been steadily working on some of the issues but has withheld
updating the system until a licensing or buyer could be found. Why break
(read upgrade) the system as it stands if there is no payoff for it just yet?
For the record, I like Mark Brown. But I am eclectic enough in my view of
people that I can look beyond the bad and see the good. Mark is not without
his faults. But he also has some very strong points too. I consider Mark a
friend and wish him well in his future endeavors. Personally, I think Mark
is working on something big and being very disciplined and focused on it. He
is a smart guy and is smart enough to know one of his weaknesses is trying to
do too many things all at the same time.
But this is not about Mark Brown, or Steve Yates or Charles Hargrave. Mark
has no legal interest in Traderware any more, from what I have been told.
This post is about an analytical trading tool that is out there looking for a
champion. Is this an opportunity? Would turning Traderware into an Open
Source project be something to consider? How about making TradeWars LITE
shareware and retailing the full version.
The point is we all want an analytical trading platform that we can use and
prosper with. If we are thinking creatively, Traderware should thrown into
the mix.
Again, I am not completely subjective on the subject because I have been
offered an opportunity to help market this product. That is not a done deal
though and I am not really concerned about my interests should a quality
alternative arise from parties here. If something were to come from the
Omega list, it would be more about community interest than self-interests,
IMHO.
Regards,
John J. Lothian
Disclosure: Futures trading involves financial risk, lots of it!
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