The IT software has some significant bugs. First off, it is not uncommon to have problems connecting in to their server, and even once connected in, it can be a problem to have their server recognize the request for quotes on a stock that you sepcify. Second, they have always had problems with the display of erroneous volume. This doesn't happen too frequently through the day, but you will find erroneous volume data on a daily basis for each stock. The quote server they have you go through IMO is simply too unrealiable to use for serious trading. But then many Internet based systems are, except not as bad as this one.
The Internet may offer inexpensive services such as cheap streaming quotes that support real-time graphing. It may help you to feel that it is Xmas time in January. But you get what you pay for in relative terms, as always. Just think of how the minimal charge is (or is not) compensating the quote service provider for customer support, equipment, and system and IT software maintenance, including the monthly cost they share with their attachment to the source of the quotes. This is simular to the reason why for instance I have yet to find a very reliable ISP at $19.95 per month. This includes Primenet, Starnet, IBM, Sprintnet, and on and on. Now there is an ISP local to me that is charging $5.95 per month. IMO inside of 6 months that service will be unusable, if it is every entirely usable. This is why I am considering to sign up to a $150 per month service for my Internet access. I need relaible Internet access. But then once you are on the Internet, any system between your ISP and your destination on the Internet can be congested causing you the same grief.
PC Quotes from what I can see is much more reliable and provides more support than Papyrus Technology and their source of quotes. The company that provides the quotes for their service , North American Quotations, points the finger to Papyrus. Papyrus after an ongoing discussion with them ends up claiming that it is their database that gets corrupted and needs rebuilding. This went on for several months before I gave up. I do not think the developer who put the software up on the web ever rolled out a production (live) system before like this. Do your research. Look back on the history of a thread dedicated to this topic here at SI. What I am saying here should come as no surprise toyou. There have been many from that thread who have left IT and Papyrus in the past for other services for the reasons I have covered here. For instance, I would regularily see that many traders were locked out of the server waiting to get on when the market was doing its "belly dance" making the traders nervous.
Just for your information.
By the way, if I am not mistaken, Real Time trader is the same setup except this is handled directly by NAQ. Someone please correct me on this if I am wrong.
Bob Graham
Integrity Computer Solutions.
Specialist in the development, setup, and use of network technology. |
