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I'm one of those Futures traders who has opted for the "low price Data
services" and when I see evidence that the higher price services are
worth the extra money, I will subscribe. I used DTN when BMI was
supposed to be wonderful and every time I did a comparison my quotes
were well ahead of BMI, Future Source, and other more expensive
services. When I had to give up my dish, I tried everything available on
the net and nothing was as fast, reliable, or as complete as quote.com.
Never, ever, anywhere have I seen intraday futures data which rivals the
quality of QFeed so I can live with a few other quirks which bother me
from time to time. There is no net feed which can be 100% reliable
because the net is not 100% reliable and data from the exchanges is not
100% reliable. There are however, many, many advantages to a net feed
which can immediately bring the current chart up to date upon any
hardware/software/communications problems being resolved and provide
deep historical intraday data on demand. I happen to believe that trying
to scalp against the guys in the pit is a losing game so a missed tick
is not the end of the world for me. Most of my trading is position with
intraday charts used for entry/exit and occasional day trades and I have
with very few exceptions been able to obtain the current info I've
needed to place orders and get them filled where they should be filed. I
do take the trouble to run internet monitoring software so I know
when/if the problem is with the vendor and when it is elsewhere.
I've looked hard at the "top of the line" CQG and I haven't found
incremental value for the significant increase in cost. That's not to
say that it isn't a great value for other traders who want the CQG
tools. But I say to all of the other traders out there who subscribe to
the "low price Data services", if it meets your needs, don't let someone
tell you that you have an inferior product.
Earl
----- Original Message -----
From: <Jdonato98@xxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Cc: <realtraders@xxxxxxxxxxxxxxx>
Sent: Thursday, January 13, 2000 7:07 PM
Subject: [RT] Re: BMI
> Hello Steven,
> I don't about Bloomberg, but Futuresource is Bridge.
> But I do agree with you.
> What I don't understand is the why -- Futures and Options traders opt
for low
> price Data services when 1 to 2 ticks a day on the Bonds, S&P,
currencies or
> whatever, and the better services pay for themselves.
> Yet all we here on this forum is how bad, and the problems with lag
time on
> the cheap services, and then they complain that the cost for the top
line
> data vendors is to expensive.
> Go figure the trader mentality.
>
> All the Best,
> Jerry Donato
>
>
>
>
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