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What is the difference in speed between Signal's domestic and international
feed? Given a choice, would having the international feed "speed up" my
computer receiving data?
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> From: Neal T. Weintraub <thevindicator@xxxxxxxxxxx>
> To: Richard Josslin <oldfogey@xxxxxxxxxxx>; omega-list@xxxxxxxxxx;
realtraders@xxxxxxxxxxxxxx
> Subject: Re: Substantial Time Lag Today with BMI Satellite
> Date: Thursday, July 09, 1998 13:21
>
> Yes, you are right.
> That is becaue you do not see the price until the price reporter types it
> in.
> Trading with lagging data is tough.
>
> neal weintraub
> -----Original Message-----
> From: Richard Josslin <oldfogey@xxxxxxxxxxx>
> To: omega-list@xxxxxxxxxx <omega-list@xxxxxxxxxx>;
> realtraders@xxxxxxxxxxxxxx <realtraders@xxxxxxxxxxxxxx>
> Date: Wednesday, July 08, 1998 6:32 PM
> Subject: Substantial Time Lag Today with BMI Satellite
>
>
> >Dear Fellow Traders,
> >
> >I have run BMI satellite as my real-time data feed since 1985. From
> >time to time I have heard from others among these groups that the data,
> >particularly S&P futures data, occasionally lags the market, sometimes
> >by 10-20 seconds, occasionally by more than a minute.
> >
> >At the end of this May, I subscribed to the LOS Squawkbox (www.los.net),
> >and since then, while following the S&P futures market realtime, I have
> >informally comparing the ticks on my monitor (1- or 2-tick chart) with
> >the call from the Squawkbox. This is not exact, as the ticks on the
> >screen represent "last price traded" while the Squawkbox broadcasts only
> >bids and asks. Nevertheless, I believe that I can readily tell when
> >then are following one another more or less synchronously.
> >
> >In my experience, their synchrony has never been more than a second or
> >two apart, with the monitor (satellite) prices lagging.
> >
> >Today, at the close, following a strong rally that made contract and
> >all-time highs, the S&P market went into a trading range for about a
> >half hour, and then many commercials began selling size heavily in the
> >closing minute of trading. The Squawkbox was going wild - it sounded
> >like pandemonium reigned on the floor as the brokers were falling over
> >themselves, executing trades in the final seconds --- a truly "wilde
> >rumpus", indeed. Over the Squawkbox, I heard the closing bell ring,
> >signifying the end of trading. I looked at the header at the top of my
> >screen, showing the date and time. It read 4:13 PM. I was surprised,
> >as I expected it to have just changed to 4:15 PM (Eastern), when the
> >market closes. I looked at the clock that is immediately in front of me
> >and noted the position of the second hand. Approximately 15-20 seconds
> >later, the time on my screen header changed to 4:14 PM. A minute later,
> >it changed to 4:15 PM, signifiying the end of trading according to my
> >BMI satellite data. After I heard the bell ring over my Squawkbox, my
> >S&P chart continued to add new data; when the time on my screen header
> >changed to 4:15 PM, the chart stopped making new ticks.
> >
> >I conclude that at the close of trading today, the S&P futures data that
> >I received by BMI satellite lagged the market by over 75 seconds.
> >
> >Sincerely,
> >
> >Richard Josslin
> >
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