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Mike,
I am not ranting just to pop neck arteries: my goal is to
release your subliminal to concious awareness level beforehand,
so defensive maneuvers will be rapid if required.
"Hopefully, this will be a step in the right direction", lol.
You and everyone on Omega-list have a great holiday,
Phil
> -----Original Message-----
> From: mike ball [mailto:thinkpad600e@xxxxxxxxx]
> Sent: Saturday, December 17, 2005 9:18 PM
> To: Phil Bailey; Chris Cheatham; Omega List
> Subject: Re: CME Tick Aggregation
>
> >>And your grammer example is weak.<<
>
> Just an expression of my dismay toward continual conspiracy
> theorists.....
>
> >>Hope I'm wrong.<<
>
> So do I.
>
> either way happy trading and Merry X-mas Phil.
>
> mike ball
>
> ----- Original Message ----
> From: Phil Bailey <baileyp@xxxxxxxxxxx>
> To: mike ball <thinkpad600e@xxxxxxxxx>; Chris Cheatham
> <chris@xxxxxxxxxxxxxxxxxx>; Omega List <omega-list@xxxxxxxxxx>
> Sent: Saturday, December 17, 2005 5:48:33 PM
> Subject: RE: CME Tick Aggregation
>
>
> Mike,
>
> I agree with you on reducing or filtering ticks to eliminate
> seemingly Bottlenecks from lack of server support (in theory).
>
> IB does this and they are about 1/6 of tics which may become
> the standard (so IB will become 1/36?).
> I actually like IB tic chart characteristics due to being smoother.
> But the infrequent spike occurance will be offset by constant
> innefficiencies of data representations.
>
> CME enjoyed this spike innefficiency and if they were doing
> well from it, There would be no change (I bet their switch
> boards light up though). They are doing this Change for a
> profit motive all for a seemingly justification of customer
> satisfaction (shadowy terrorists? see the connection, ha-ha).
>
> My logic is if they are doing all the business, then why
> don't they buy dirt cheap servers to Match the demand since
> their fixed commission rates have quadruppled from volume?
> Because they make more profit being innefficient. In effect,
> they are saying since We are doing so much business, we will
> reduce your market visibility, we will save money, filter
> your data, And then make you think we are doing you a favor.
> Oh boy, another broker excuse.
>
> Every bucket shop in between your connection and theirs have
> Floor traders holidays where they fuzz/block the data and
> make big profits.
> But the technology
> Is here to do otherwise, and its not 1975 so there really is
> no need for the disruption you Assume is 'natural law' during
> spikes. I assume most of that is artificial as well as it
> will not disappear irreguardless of what they do or how much
> money they save by reducing visibility/service.
> (i.e. Esignals 45 minute data random walk FOMC day and then
> switch to their affiliate random walking for 45 minutes:
> They don't even BOTHER to make it look random or realistic).
>
> Nothing we can do either way, but I'm not going to smile
> while they pat me on the head like a dog.
> Again, I'd whole heartedly agree if I thought they were
> reducing transaction steps, but until I see otherwise, I will
> assume they are manipulating data and ADDING transactions for
> the profit motive.
> And your grammer example is weak.
>
> Hope I'm wrong.
>
>
> Phil
>
> > -----Original Message-----
> > From: mike ball [mailto:thinkpad600e@xxxxxxxxx]
> > Sent: Saturday, December 17, 2005 7:48 PM
> > To: Phil Bailey; Chris Cheatham; Omega List
> > Subject: Re: CME Tick Aggregation
> >
> > >>Tic charts may have just become obsolete.<< WTF???????????
> >
> > Phil, when has it ever mattered the actual quantity of Tick
> Bars that
> > one receives during the trading session?
> >
> > So long as the price conveyed within a set metric,
> > 5-tick,20-tick,100-tick and so on is being counted within that
> > operational definition, then it's business as usual.
> >
> > I'd wish before the hysteria sets in that more of us would
> understand
> > the current way the data is being piped from the CME's transaction
> > servers through to the various data vendors who then in
> turn sift that
> > data as well...
> >
> > Faster price matching and less bandwidth being chewed up on
> "excess"
> > and perhaps non-essential breakdown of incremental trade
> data to me is
> > a good thing.
> > As an intraday trader that has traded electronically for years now,
> > both at home and in the Prop office, it is frustrating as hell that
> > even with direct lines to the exchange at the trading office, when
> > massive volatility hits and the CME's servers become inundated with
> > trade volume, having to spit out inefficient trade data on top of
> > providing me with latent data in the form of "hiccups" is something
> > that I can do completely without.
> > Hopefully, this will be a step in the right direction in terms of
> > cutting some "fat" out of the equation.
> >
> > Think of it as using a contraction as opposed to labeling sentence
> > structure with the entire subject/verb spelled out.
> >
> > At any rate, the tick data we've all been using for years has never
> > been more than a parallax view of the true market trades.
> >
> > Mike Ball
> >
> >
> > ----- Original Message ----
> > From: Phil Bailey <baileyp@xxxxxxxxxxx>
> > To: Chris Cheatham <chris@xxxxxxxxxxxxxxxxxx>; Omega List
> > <omega-list@xxxxxxxxxx>
> > Sent: Saturday, December 17, 2005 3:40:20 PM
> > Subject: RE: CME Tick Aggregation
> >
> >
> > Looks like they are trying to increase profit multiple times.
> > They now can 'delay' quotes until the bucket (as in 'bucket
> > shop') is filled.
> > Tic charts may have just become obsolete.
> >
> > On FOMC day, Esignal gave random quotes from 1:15pm to 2:00pm. Then
> > their affiliate they own, Futures Source, went random and Esignal
> > corrected until close.
> > If George Bush can do whatever he wants, I guess big money
> everywhere
> > will start doing the same while he's still in power. Its all in the
> > name of invisible terrorists.
> > What a scam, the real terrorists are raping America's economy.
> >
> >
> >
> > > -----Original Message-----
> > > From: Chris Cheatham [mailto:chris@xxxxxxxxxxxxxxxxxx]
> > > Sent: Saturday, December 17, 2005 8:26 AM
> > > To: Omega List
> > > Subject: CME Tick Aggregation
> > >
> > > Anyone know what to expect from the new CME tick aggregation?
> > >
> > > Chris
> > >
> > > http://www.cme.com/trading/get/sup/glxnews2825.html#M6
> > >
> >
>
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