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This has come up before and I have never heard anyone say absolutely
what it is but I have always thought that what Mark is saying is
probably correct. If they are generally double what else can it be?
It makes no sense. A trade always has two sides no matter if it is
you and I on either side or in the case of stocks you and a market
maker. But why would that one trade be two ticks. Why post two
trades when only one happened. You can't have a trade without two
sides and only one price. Got me.
Jimmy
Monday, July 5, 2004, 9:57:48 PM, you wrote:
MS> Strictly CONVENTION.
MS> It's goes all the way back to the definition of a TICK:
MS> UPTICK, DOWNTICK, SIDETICK.
MS> At each tick, there is a BUY <<and>> a SELL.
MS> One convention would say 33,650 TICKS for the day; another 67,300.
MS> No big deal. Who's "right" ? NEITHER !
MS> Should it be CONSISTENT and STANDARDIZED ?
MS> <<< OF COURSE. >>>
MS> STILL: the....
MS> Wild, wild West...in Electronic trading.
>> -----Original Message-----
>> From: Bob R [mailto:bobrabcd@xxxxxxx]
>> Sent: Monday, July 05, 2004 10:37 AM
>> To: omega-list
>> Subject: Tick count comparisons
>>
>>
>> This is the CME link for ES tick history.
>>
>> http://www.cme.com/html.wrap/wrappedpages/historical/globex_time_a
>> nd_sales/ES04-09.html
>>
>> They have only the most recently completed day. I am using something
>> called Edit Pad to get the count by doing a copy and paste. Placing
>> the mouse cursor at the last row provides the row count in the
>> information bar below the last row.
>>
>> See http://www.jgsoft.com for Edit Pad.
>>
>> The last line shows the row count of 33650. Each row is one tick.
>> Strangely, both esignal and TS7(8) give readings twice that of the
>> CME. This has been true ever since I switched from dtn sat to esignal
>> dsl in Dec 2003. DTN compared with CME then. Perhaps someone could
>> provide dtn's Friday day session reading from their GS. Just do edit
>> 1 tick and subtract the row # at 0930AM ET from that at 1615PM ET.
>> What I don't know is if esignal and TS are correct and the CME count
>> is wrong......? We assume their reading is gospel, but who knows,
>> maybe they are wrong, seems impossible. Any explanations out there?
>>
>> BobRA
>>
--
Best regards,
Jimmy mailto:jhsnowden@xxxxxxxxxxxxx
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