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Non-Tech : MB TRADING

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To: wily who wrote (5060)	7/18/1999 3:03:00 PM
From: agent99	Read Replies (1) of 7382

While you're here do you mind if I compare notes with you on this Nasdaq reporting problem that Rick mentioned. It's usually only the first 5 to 8 minutes of trading (in my experience). I don't think I've seen it extend beyond the 10min mark. I get real irritated with it. Sometimes I forget about it and then realize too late that I've been mis-lead by T&S. Like Rick says, Level II is fine. As a matter of fact, the bid/ask prints are usually right too on T&S. It's the trade price and time-of-trade prints that are off by a couple to several minutes. The busier the morning and stock, the worse it is. I have serious doubts that this is a Nasdaq problem. Could you testify here from your vantage at Watley? I'm not sure that I agree that it's a Nasdaq problem either, at least not as often as NASDAQ is blamed. Sometimes quotes at the opening have been lagged at ABW, similar to the problems that I used to experience (and that Rick is experiencing) at MBT. However, since I've gotten Qcharts as a backup, I've noticed that their feed has in general been pretty accurate at the opening when I've compared the RT and Qcharts feeds. I have a feeling it's more quote provider related. Glad I have Qcharts now :) FWIW 99

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