The following is a copy of the e-mail sent out to all our clients:
Just a short note to bring everyone up to date on what's happening with RT Trader.
We had hoped that we would have a new release of RT Trader to ship to everyone by now. We have made a number of changes, primarily to the server end, to improve the quality in delivering price quotations.
Many of the changes may not be obvious to everyone, however, we have spent a lot time and effort in this area. The visible improvements include;
the ability to view our STKS symbols (also known as TRIN), which is the short term trading index on the New York Stock Exchange
properly display negative numbers in Tick Index symbols TICN (for NYSE), TICA (for AMEX) and TICQ (for Nasdaq), which show the difference between the number of issues selling on up-ticks and issues
selling on down-ticks for each exchange
eliminate bad ticks for various Index symbols in Variable and Tick Charts
Our intent with the next release is to continue to improve on the stability of the overall service. We will improve on our compression algorithms to reduce the size of packets required to send out all the information
and will iron out Windows 98 compatibility.
Our delay in releasing new version of the client RT Trader application is that we have to implement mandatory display changes for the Nasdaq Stock Exchange. This has to do with showing market centers for
both the Bid and Ask prices, display Bid Tick indicators and the UPC 11830 indicator (special Short-sale conditions and restrictions). These changes require extensive changes to both the servers and the client
application.
We plan to have a Beta version ready for testing by Thanksgiving (November 26, 98). Assuming that no significant changes have to be made at that time, we will release a new RT Trader a week or two after that.
Once we are happy with the improvements made to the system platform, we will then concentrate on adding features and additional information to the service.
On the communications side, we upgraded our Internet access last Friday. We had 4 T1 lines replaced with a fiber optic ATM system. This new platform will allow us to very quickly increase the bandwidth
required as the service grow. We have currently dedicated 10Mb to RT Trader, and have the capacity to grow to 3 DS3s (145Mbs).
We ask for your indulgence for a few more weeks, as we want to ensure that the next release will be both meaningful and trouble free.
Walt Medwid
Director, Operations
North American Quotations, Inc.
800-465-4300 ext. 224
wjm@naq.com
www.naq.com |
