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Ditto. My fills on DJ are in excellent agreement with the BMI satellite
feed.
Allan
_____________________________
JDFO wrote:
>
> -----Original Message-----
> From: Jack Hutchison <jghutchison@xxxxxxx>
> To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
> Date: Thursday, January 15, 1998 2:54 AM
> Subject: BMI vs CQG
>
> >I day trade and have access to BMI which serves my TradeStation software,
> >PCQuote via satalite feed, and a direct TI line to NASDAQ.
> >
> >It is not unusual for the BMI signal to lag the PCQuote data and the TI
> >line signal by as much as ten minutes. This lag frequently occurs on
> >market open and gradually catches up. It is interesting since both BMI and
> >PCQuote signals are broadcast by the same Galaxy 4 satalite.
> >
> >If you use the BMI data feed under these conditions to day trade using
> >market orders, you are trading in what I call the black hole, e.g.
> >shooting in the dark.
> >
> >Be forewarned.
> >
> >I'd be interested to hear what other traders experiences have been with BMI
> >and other data vendors.
> >
> >
> >
> >Jack Hutchison
>
> Hey Jack:
> >I daytraded with BMI S&P data and Trade Station and would listen via the
> telephone to my broker as he was placing my order. He had a direct line to
> the floor. My BMI quotes were exactly the same as my broker was hearing from
> the floor and my fills, for the most part, were excellent. Every once in a
> while the BMI price on my screen would lag by a few seconds, usually in a
> fast moving environment, but I never had any real problems.
> Signal is another story, however. But BMI, no problem.
> Regards,
> jdfo@xxxxxxxxx
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