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Just a note to the LOS thread. Lind Waldock has a similar service. They
have a guy on the floor who calls out the bid/ask and some sizes of the
orders and by whom. You can hear the traders in the background. You know
when they are excited. You know when they get bored ,athough that hasn't
happened too much lately :-).
It's available over the internet and I've had the service for about a year.
As to downtime here, the only time is when the guy goes to lunch for a half
an hour. He does take small breaks throughout the day for a minute or two,
sometimes to answer the phone or to rest his voice. (It's hard to imagine
someone being able to keep going all day at his pace without losing your
voice.)
As to the echo mentioned in the previous post, it is the same here. And I
have used it with both of my ISPs, so I guess you'll just have to live with
it. That's just the way the Internet is.
Other wise my comments are the same as the gentleman's post about Listen
Only Squawk. I do like it.
The only real difference between Waldocks service and LOS is the price.
It's FREE (with an account). So I guess it's hard to knock it.
Cheers,
Bill
++++++++++++++++++++++++++++++++++++++++++++++++++
-----Original Message-----
From: Richard Josslin <oldfogey@xxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Tuesday, August 25, 1998 08:25 PM
Subject: Re: Listen Only Squawkbox
>Dear Bob,
>
>Bob Hunt wrote:
>
>> Are there any users of the Listen Only Squawkbox out there?
>
>I've used it since May, and in July, I spent a day on the floor with Jeff
>Jacobsen, who owns and runs it.
>
>>
>>
>> If so, I would appreciate any feedback that you might be able to give
>> me on a couple of issues;
>>
>> Have you found it to actually help your trading? If so, in what
>> manner?
>
>Yes, primarily in learning the quality of the trading: who is trading
>what size. Also, in learning when the data from my data provider (BMI
>satellite) is lagging the market, which I've seen happen every now and
>then, sometimes by over a minute (and there is no way to detect that
>simply by watching the screen).
>
>>
>>
>> How do you receive it, via satellite or internet?
>
>Internet, at $100/month for 3-month intervals. I understand that after
>the satellite quit several months ago, LOS has discontinued their use of
>satellite feed, so now it is only available by internet ($100/month) or
>telephone ($300/month).
>
>>
>>
>> How much downtime have you experienced with the system?
>
>Insignificant.
>
>>
>>
>> What kind of technical difficulties have you experienced? (I've
>> noticed during my trial that an echo problem seems to occur now and
>> then. Does this kind of thing happen frequently?)
>
>I too have experienced that and am switching to another ISP to see if I
>can eliminate or lessen it.
>
>>
>>
>> Please feel free to make any other comments.
>
>I've been watching the S&P market tick by tick since '85 and Jeff
>Jacobsen, in my opinion, is one of the saviest guys on the market that
>I've met. After trading with LOS, I wouldn't want to trade without it -
>it brings a whole new dimension to trading that is just not there with
>only a screen.
>
>>
>>
>> Thanks in advance,
>> Bob Hunt
>
>Sincerely,
>
>Richard Josslin
>
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