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Andrew,
I've never had BMI in the 2 1/2 years I've been trading futures but have
know several people that have. DTN Satellite, eSignal, and MyTrack have
been faster (and cheaper) than BMI EVERYTIME that I have compared quotes
with a BMI user.
I don't know for sure but I am guessing that BMI is not buying quotes that
are 10 seconds delayed from the exchanges. So they are not being
fraudulent. They are sending out real-time quotes just through a slower
transmission method, be it over-loaded servers or whatever.
I beleive one of the major problems in our society is the lawyers have
created a 'sue first, ask questions later' attitude anytime we've been
"wronged".
Take responsability yourself... leave BMI enmasse and never return. Vote
with your feet not your attorney.
Just my thoughts...
Howard
>From: andrew g <spcoach@xxxxxxx>
>Reply-To: spcoach@xxxxxxx
>To: <realtraders@xxxxxxxxxxxxxxx>
>Subject: [RT] anyone using Dynastore? and BMI class action suit.
>Date: Fri, 14 Jan 2000 00:03:00 -0500 (EST)
>
>Anyone using Dynastore to run Tradestation 4.0 on Quote.com?
>If so dose is seem to be reliable? Is it fast?
>
>BMI is a joke...
>Since they have contracted to provide real-time data, and have obviously
>not
>created the infrastructure to meet thier contractual obligations, could a
>class action law suit be filed for fraud? After all the small investor is
>being duped. They are paying for real-time information and more
>importantly
>relying on it to trade with. And BMI has take no proactive actions to
>notified real-time customers that data is coming in late. Which means,
>investors are unknowingly trading with bad data. I am not a lawyer, but it
>sounds like a good case to me.
>
>Andrew G
>
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