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I looked at the UMDS recently and it required a fee of about $3000 just to
see the SDK. That is a lot of money just to determine if you can use it. If
you can't use it your money is lost. Also the UMDS only seemed to support
the old out of favor over priced data feeds like the satellite services.
Most retail traders use the cheap Internet feeds like eSignal, Qfeed and
MyTrack. My opinion is that the UMDS was the best option before the Internet
but the Internet has made it almost obsolete. A better option is to get the
SDK for the widely used Internet feeds.
TS became a huge program because it was first to offer a programming
language. You can not duplicate TS success today because every program has
a programming module. A TS replacement would be just one more program. It
would be very hard to make traders see it as a big deal. The UMDS needs to
offer the SDK for free and make traders pay for support.
Robert Holt
----- Original Message -----
From: "Thomas Alexander" <alexander_enterprises@xxxxxxxxx>
To: "Omega List" <omega-list@xxxxxxxxxx>
Sent: Thursday, August 30, 2001 12:55 PM
Subject: A few thoughts from a software development director
> With all this discussion about a TS replacement, I have not heard anything
> about using the UMDS (Universal Market Data Server)product as the back
end. In
> my software company days we were planning on using it with a VB front end.
The
> product seemed realiable, very fast, good VB and C++ interfaces and cheap!
It
> even came with a simple charting package and accepted data from a number
of
> major data sources. They also had licensing rates, etc.
>
> IMHO: As of a year and a half ago this seemed to be the best
infrastructure
> upon which to build a TS for the new millenium. Any tech heads have any
> comments on this or looking into this avenue? Of all the coders I've
hired, VB
> guys are the cheapest market rates and in this high tech economy... As a
matter
> of fact, given a good spec someone could parse the work out to Indian
firms at
> half the US rate! A good spec should be easier also as the product has
already
> been well defined over the last decade, this is not a new thing being
done.
> I've done a lot of software development in the last decade and I would be
> suprised if an operation run by experienced software development
management
> could not do it in less than a year for about $100-$200k. Even less if you
know
> how to negotiate employee option plans... And no, I won't be :)
>
> Just a few high altitude thoughts.
>
>
>
>
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