|
PureBytes Links
Trading Reference Links
|
--- Jim Bronke <jvbronke@xxxxxxxx> wrote:
> The system definitely needs a bad tick filter.
What if the "bad" tick is from the exchange? What
if the feed or your system is a few seconds slow?
BW
>
>
> Jim Bronke
> Phoenix, AZ
>
>
>
> ----- Original Message -----
> From: "Bill Wynne" <tradewynne@xxxxxxxxxxx>
> To: <catapult@xxxxxxxxxxxxxxxxxx>; <omega-list@xxxxxxxxxx>
> Sent: Thursday, June 14, 2001 8:11 AM
> Subject: Re: TRAD announces autoexecution
>
>
> > I agree, and there are so many details beyond or marginally
> > under TRAD's control: bad ticks, bad orders, etc. With the
> > current state of E-markets and data I wouldn't turn my account
> > over to my 'puter and/or Bill and Ralph. Would you fly the
> > Concord with no pilot on board and the Cruz crew playing with
> > the joy-stick on the ground?
> >
> > It'd be nice to have something like this "park" the orders and
> > then you single click to send on TS4....
> >
> > BW
> >
> > >From: DH <catapult@xxxxxxxxxxxxxxxxxx>
> > >To: Omega List <omega-list@xxxxxxxxxx>
> > >Subject: Re: TRAD announces autoexecution
> > >Date: Thu, 14 Jun 2001 07:48:52 -0700
> > >
> > > > FWIW, my prognostication is that progressively within a year TRAD
> will
> > >be
> > > > able to deliver or provide an online trading application and service
> > >that
> > > > integrates stocks, futures, and options on both.
> > >
> > ><rant mode on>
> > >
> > >FWIW, my prognostication is the very best TRAD can hope for is to
> > >achieve the quality of IB..... great when it works but you're SOL and
> it
> > >costs you big money with no recourse when it doesn't.
> > >
> > >There's a lot more to being a good broker than providing flashy looking
> > >software. For starters, the software and computer infrastructure should
> > >be 100% reliable (belt) and, when that fails, there should be a good
> > >phone backup (suspenders) where you promptly get a real broker on the
> > >line, not some techno nerd who tells you to reboot your computer and
> try
> > >again. Would anyone seriously consider trusting their trading account
> to
> > >the Cruz brothers? Do you believe they will make it right when they
> mess
> > >up and cost you money? I sure as hell don't. It would be like putting
> > >your life savings in 'Crazy Joe's Used Car Lot and Savings Bank.' :-)
> > >
> > ><rant mode off>
> > >
> > >--
> > > Dennis
> > >
> >
>
|