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For stock daytrading, I use REDI (which comes from Spear, Leeds & Kellogg)
and also PC Quote with Real Tick III for their charts, both over the
internet to Israel. My REDI data is on time (within 2 seconds). I have
compared it on the phone with my firm in NY and we are getting the data at
the same time. The PC Quote feed is several seconds behind, and sometimes in
a fast market, up to 30 seconds behind.
Gila
-----Original Message-----
From: Gwenael Gautier <ggautier@xxxxxxxxxxx>
To: realtraders@xxxxxxxxxxxxxxx <realtraders@xxxxxxxxxxxxxxx>
Date: Tuesday, March 28, 2000 9:47 AM
Subject: [RT] Re: UPDATE: Data feed POLL, take a look!
>andrew g wrote:
>
>> Hey folks, I have gotten several request for a summary of the results of
the
>> data feed poll, so I will be doing one later in the week. If you have
not
>> responded, please do. The responses have been very strong, but I know
there
>> are more of you out there. If you have questions or input on this please
let
>> me know.
>> Thanks
>> Andrew.
>>
>> 1. What data feed do you use?
>> 2. Are you satisfied?
>>
>> At this point I have gotten about 25 responses and the only standout is
BMI
>> cable. Every response concerning BMI cable has been negative. Actually
I
>> am being kind. Every one has expressed extreme dissatisfaction with it.
As
>> one respondent put it, "I am trapped in a contract for real-time data
that
>> comes in 40 seconds late." He is an attorney and said after his last
>> conversation with customer service he was going to file a fraud complaint
>> with the FTC. "They keep giving me Bullshit and lies"
>> Wow. I new it was bad, but I did not know people were willing to sue.
Next
>> thing you know there will be a class action suit filed against them.
>>
>> More typical responses have been:
>>
>> >From John
>> "Hello Andrew, I had talked to several people. I just got rid of BMI
cable
>> and switched to DTN satellite. I like it so far. John. "
>>
>> >From Brian
>> "I use Townsend Analytics... with their RealTick III software. The data
>> comes over the Internet and is typically 8 to 15 seconds faster than my
>> brokers data... I trade the S&P 500 "
>> (I wonder what his broker uses?)
>>
>> This one From Howard was a surprise, I didn't know that Mytrack offered
data
>> feeds. I thought it was just a brokerage.
>> "I mainly trade futures.
>> I use MyTrack Internet data feed (www.mytrack.com) with InvestorRT
software
>> (www.linnsoft.com). They are cheaper than most and just as reliable as
DTN
>> Satellite and ESignal. "
>>
>> I'll do a summary for the group later this week, I have not received any
>> responses from people with BMI sat feeds, has everyone dropped them or
are
>> they just satisfied and not bothering to vote?
>>
>>
>
>Hi andrew,
>
>nice initiative!
>
>I am in Europe.
>As a private person:
>- Used DBC Signal via Panamsat earlier: Ugly and unprofessional. Feed 20 s
late
>and at least half the ticks missing
>- DBC via EutelSat is faster but ticks are still missing.
>- FuturesSource is faster also but data is read only, not stored on disk,
plus
>compatibility pbs with most softs like TradeStation
>- CQG: A must for trading futures: top clean data, all ticks, extremely
fast.
>- Also people here are satisfied with SP Comstock as a feed. Most ticks,
only a
>few seconds late. However some have problems with TradeStation
compatibility,
>frequent TS failures.
>
>As a professional. I use:
>- CQG, best feed for futures trading
>- Bloomberg, best feed for stock quotes and stock data
>- Reuters, best for news ticker but so user unfriendly, in fact very
shitty.
>- An absolute NO GO is Knight Ridder Bridge Telerate whatever their name
now is
>with TradeStation: They plot data on sundays, miss days, miss ticks,
unreliable
>feed, always down, don't understand customers concerns. FORGET ABSOLUTELY
if
>your money is worth something to you.
>
>Lastly, I don't recommend net based feeds as you never now what your lag
is.
>With satellite, at least you know how far back you are on a constant basis.
>
>Best to you,
>
>Gwenn
>
>
>
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