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Last April I got interested in daytrading, bought Tradestation and the BMI
delayed data feed for about $70/month. After a month I decided I was ready
to trade and moved up to the real time for $225+ plus exchange fees.
Four months later I came to my senses and realized that daytrading and my
daytime job were not compatible (what was I thinking...). So I blithely,
naively, called BMI to switch back to the delayed plan. The answer I
received, in only slightly nicer language, was "Screw you, sucker. You
signed a contract. You can cancel all your exchanges, but we'll still
charge you $225 a month for the delayed data for another 8 months. And
there's nothing you can do about it."
Legally, they may be correct. However, needless to say, BMI has lost a
customer for life, even if they have the cleanest data available. When and
if I need real-time data again I'll use either FutureSource or DTN.
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