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Carroll-
I completely understand where you are coming from on
this. My first thought was, What the hell is this?
However, although I'm new to Tradestation(2yr. user)
I'm of the opinion that given current market
conditions as well as the fierce competition that
Tradestation faces it is in their best interest to
cut/defray costs and refine their business model to
reflect a more profitable bottom line.
If that means sticking its customers with an extra $1
a month charge, well, so be it. I'd rather see them do
what they feel is necessary in order to remain in the
black and reinforce their staying power within this
industry. Also, I cross my fingers but would like to
think that this offset helps in providing the extra
cash to further their service offerings, add depth to
their product etc...
just my 2 c's.
-mike
--- carrslem <carrslem@xxxxxxx> wrote:
> This is a heads-up for those who subscribe to TS6 /
> 7 and saw the notice of
> a new $1/month charge for "real-time data services"
> from each of "AMEX,
> NASDAQ Level 1, NYSE, and OPRA". The question is:
> What is meant by
> "real-time data services"? The answer (which I had
> a hell of a time
> learning - 1st-tier support techs don't know) is
> INDEXES!
>
> Look at the info in the "exchange" column of a
> quotes page for each index
> which you follow. My understanding is if the
> exchange is shown as "NA",
> that's a freebie. Anything else probably entails a
> charge for the
> corresponding "exchange". (The reason for the
> quotes is that one of the
> chargeable categories is "OPRA" - I don't know what
> that stands for, but the
> CBOE and probably other exchanges as well fall under
> this heading.)
>
> Incidentally, this charge is not a new one from the
> exchanges - again, my
> understanding is that the exchanges have always
> charged it but that this
> small charge was simply a part of the cost of doing
> business which was
> defrayed by the basic subscription fee.
> TradeStation has simply decided to
> "pass" this charge on to subscribers. Hmmmm - what
> business expenses do you
> think they'll "pass on" to us next?
>
> Carroll Slemaker
>
>
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