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>When I confronted Esignal they finally fessed up to
>their only transmitting when a close was different.
Where ya been? DBC has been filtering ticks since the
early 1990's ..... at least.
BW
>From: blackcloudover BillCruz <trad_delist_anydaynow@xxxxxxxxx>
>To: Gene Pope <gene@xxxxxxxxxxxxx>
>CC: omega-list@xxxxxxxxxx
>Subject: Re: Well, isn't THIS just special...
>Date: Tue, 5 Feb 2002 09:19:44 -0800 (PST)
>
>Gene:
>
>Not certain if this is related, but I guess it's not
>possible to "look" in global server under TS6 under
>edit symbol and look for tick intervals.
>
>I found using TS2K that Esignal was only transmitting
>ticks if the close was different for $TYX (30 year
>interest rate at CBOE). In certain times they would
>not transmit for more than an hour. When I questioned
>them about it they started backstepping. Then I found
>a lady who ran the data division at CBOE and she was
>kind enough to email me $TYX data showing ticks like
>every 15 seconds for the same date/time Esignal was
>"filtering" their data.
>
>When I confronted Esignal they finally fessed up to
>their only transmitting when a close was different. I
>then asked them to reveal how many other symbols they
>were practicing this same voodoo on. They became
>silent. I quickly dumped them.
>
>As you know, if the data vendor does not transmit ALL
>the ticks regardless of whether the tick is the same
>or different - - - your charting program cannot build
>bars without a certain number of ticks. In my case I
>had big holes in my data even when I was charting 60
>min. bars of $TYX. Obviously this ruined the analysis
>I was running in TS2K.
>
>I noticed Quote.com and SPComcast furnished ticks
>every minute or less for $TYX during this same period
>of time.
>
>Obviously, Esignal is saving money on data
>transmission costs at the expense of the trader
>working working with their poor quality data (and
>increasing the trader's risk of poorly timed trades).
>
>Shadow
>
>
>
>
>--- Gene Pope <gene@xxxxxxxxxxxxx> wrote:
> > This TS "feature" is getting more interesting all
> > the time..
> >
> > Because of a request from someone, I plotted POSS in
> > TS6 just to see what it
> > would do to a thinly traded symbol. The results
> > speak for themselves.
> >
> > On 2/01, if you step through the time stamps of the
> > 1 min. bar intervals,
> > you get something like this:
> >
> > 10:25
> > 10:31
> > 10:36
> > 10:37
> > 10:40
> > 10:44
> > 10:46
> > 11:03 (!!!!!)
> >
> > This is not a tick chart... this is not a point and
> > figure chart... this is
> > not 3 point break... this is *suppossed* to be an
> > IN-TER-VAL chart, you
> > know... based on TIME?? As in, plotting indicators
> > according to price and
> > TIME???
> >
> > This answers **so** many damn questions in my
> > mind... How many people out
> > there, for example, who tried to run versions of
> > Oddball on smaller then 60
> > min. intervals, with the intention of sampling the
> > data on the hour,
> > scratched their heads that the results were all over
> > the place and didn't
> > match the original?
> >
> > I mean, technically speaking, on POSS, even if you
> > were charting on 5 min
> > intervals (as someone suggested earlier), that nice
> > gaparoo between 10:46
> > and 11:03 woulda gotcha big time. And please spare
> > me the lecture about the
> > wisdom of trading such a thin stock... it's an
> > extreme example, but I
> > counted 3 dropped minutes on the ND on the same
> > day... that's BS!
> >
> > Am I the only one that sees the idiocy here? Every
> > charting program I've
> > *ever* used that has quality indicator plots would
> > be gone in a second if
> > they started arbitrarily dropping whole bars of
> > time... A simple moving
> > average will still approach a flat line over time
> > for god's sake...
> >
> > I am truly dumbstruck. I never would have even
> > considered that a so-called
> > professional charting program could actually
> > seriously consider that this
> > logic is correct. And you can have all this for only
> > $795/mo?
> >
> > PHEH!!
> >
> > Gene Pope
> >
> >
>
>
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