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Your findings compare pretty well when I did a similar study last spring on
the emini before switching from Signal to quote.com. My work involved
comparing the actual tick counts per CME daily time and sales file to the
ticks received from both Signal and quote.com. Since I no longer day trade,
I haven't had the need to check tick counts recently.
Earl
----- Original Message -----
From: Larry Wright <lwright@xxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Cc: Code List <code-list@xxxxxxxxxxxxx>
Sent: Friday, December 17, 1999 7:27 AM
Subject: CL_Tick count survey results
>
> Well, I've waited for reports on tick counts, and only a few came in
> despite repeated requests, so the report will be a bit sketchy.
>
> 12/10/99 tick counts:
>
> SP full(incl nite)
> Quote.com + dynastore 5831
> BMI Cable 5562 - 5784
>
> SP day only
> official T&S count 4327
> BMI Cable 3982
> Tenfore Europe 3147
> Signal Cable 2026
>
> ES
> Quote.com + dynastore 17990
> BMI Cable 16900 - 17900
> Omega FTP data 13225
> Tenfore Europe 11936
> Signal Cable 8204
>
> 12/13/99 tick counts:
>
> ES
> official T&S count 13883
> Signal Cable 9161
>
> Tentative conclusions, based on the above and other data (and I invite
> your comments on these):
>
> Signal Cable has been degrading over the last two months and is now almost
> useless to trade futures. Some days have less than *half* the real ticks.
> The actual number of ticks filtered by Signal varies considerably from day
> to day, so even the *ratio* of Signal/real ticks varies a lot.
>
> It would seem that very few people use eSignal for futures. It was like
> pulling teeth to get even one response :-). With so little data, the
> question of filtering of eSignal ticks is STILL open. If some of you would
> like to volunteer to get eSignal tick counts for a particular day(or 2),
> please let me know and we can then do a better comparison, and perhaps
> settle this question.
>
> Quote.com looks like a very good alternative to BMI for futures.
> (Competition at last! :-).
>
> Some other ideas (and I invite your comments on these as well):
>
> Folks using BMI or Signal Cable might want to check ticks for selected
> high-volume stocks and do a similar comparison. Might be veeerrryyy
> interesting...
>
> Judging from the survey responses, almost everyone uses BMI - it seems
> they get subscribers no matter what they do, or don't. There have been
> complaints on trading lists about BMI, particularly since taken over by
> DBC. In one discussion thread, someone wondered why people would stay with
> BMI. Perhaps it is the least miserable choice of a bad lot, and they can
> get away with "take it or leave it".
>
> Any other comments from you folks?
>
> Larry
>
>
>
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