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Real time may be defined as having no artificial delay introduced. As far as
technology induced delays or filtering, there is no need for regulation;
there are plenty of alternatives for the marketplace to determine what is
best. Incidentally, I know of at least one instance where the DBC feed ran
ahead of the exchange feed, this because their filtering reduced the
clogging of similar trades. Does this mean that DBC was faster than real
time? Beam me up, Scotty; prepare for the jump to light speed.
There are definite trade-offs and traders should be aware of them and
subscribe accordingly.
>From: a a <goldcapstone@xxxxxxxxx>
>To: omega-list@xxxxxxxxxx
>CC: TaoOfDow <taoofdow@xxxxxxxxxxxxxx>
>Subject: ?Legal Question:?? What is REAL TIME???
>Date: Fri, 8 Feb 2002 07:20:02 -0800 (PST)
>
>Group,
>Consider this. There have been some on the list who
>have complained that their feed is frequently behind
>30 seconds, sometimes as much as 2 minutes. Is it
>possible that there are NO LAWS regulating such
>things? How is it not possible for the FCC to be
>involved in this matter. Why the silence? Without a
>legal background, one would have to conclude that
>there are no laws regulating this, making it 'OK' to
>charge $295\mo. for real time data that isn't 'REAL
>TIME'. Charging for REAL TIME DATA, when the data is
>DELAYED for all practical uses, is in my opinion a
>dishonest and crooked act perpetuated on the trading
>public.
>IN SHORT: What is REAL TIME DATA?
>Awaiting discussion,
>A
>
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