|
PureBytes Links
Trading Reference Links
|
The way I see it bad ticks can be vendor or user specific, i.e., NOT
sent out by the exchange. As a practical matter slow or missing data
can also have the effect of "bad ticks" 'cause your order is chasing data
that is not actually there or has already come and gone at the exchange.
>I view a really bad fill as the same as a bad tick<
That's exactly how I would define the difference between the
two! I.E. you "can't" get filled on a bad tick because no fill
(trade, whatever) actually occured: it's just bad data for whatever
reason. By definition a "bad fill" WAS an actual trade.
BW
>From: "Jim Bronke" <jvbronke@xxxxxxxx>
>To: "B W" <tradewynne@xxxxxxxxx>, <catapult@xxxxxxxxxxxxxxxxxx>,
><omega-list@xxxxxxxxxx>
>Subject: Re: TRAD announces autoexecution
>Date: Thu, 14 Jun 2001 18:37:44 -0700
>
>I trade but I view a really bad fill as the same as a bad tick. You can
>create your own code to decide what terms you wish to exclude data on.
>
>Jim Bronke
>Phoenix, AZ
>
>
>
>----- Original Message -----
>From: "B W" <tradewynne@xxxxxxxxx>
>To: "Jim Bronke" <jvbronke@xxxxxxxx>; <catapult@xxxxxxxxxxxxxxxxxx>;
><omega-list@xxxxxxxxxx>
>Sent: Thursday, June 14, 2001 8:53 AM
>Subject: Re: TRAD announces autoexecution
>
>
> >
> > --- Jim Bronke <jvbronke@xxxxxxxx> wrote:
> > > That's where I'd expect the bad tick to come from.
> >
> > If you trade you know what I mean: some "bad" ticks are
> > busted trades, some are not. A recent 50 point spike
> > in the ES was busted weeks/days(?) later. I've seen other
> > spikes that were "good" and not busted. How are you going to
> > filter that if there is no warm body around?
> >
> > BW
> >
> >
> > >
> > > 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
> > > > > > >
> > > > > >
> > > > >
> > > >
> > > >
> > > > __________________________________________________
> > > > Do You Yahoo!?
> > > > Spot the hottest trends in music, movies, and more.
> > > > http://buzz.yahoo.com/
> > > >
> > >
> >
> >
> > __________________________________________________
> > Do You Yahoo!?
> > Spot the hottest trends in music, movies, and more.
> > http://buzz.yahoo.com/
>
|