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That's where I'd expect the bad tick to come from.
Jim Bronke
Phoenix, AZ
----- Original Message -----
From: "B W" <tradewynne@xxxxxxxxx>
To: "Jim Bronke" <jvbronke@xxxxxxxx>; "Bill Wynne" <tradewynne@xxxxxxxxxxx>;
<catapult@xxxxxxxxxxxxxxxxxx>; <omega-list@xxxxxxxxxx>
Sent: Thursday, June 14, 2001 8:29 AM
Subject: Re: TRAD announces autoexecution
>
> --- 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
> > > >
> > >
> >
>
>
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