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Strategies & Market Trends : The Final Frontier - Online Remote Trading

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To: TFF who wrote (6251)1/20/1999 2:29:00 PM
From: QLtrader  Read Replies (2) of 12617
 
A trading system is a tremendously complex and intricate piece of equipment so I do not think I can do justice in comparing all these systems in just a few paragraphs. What I will do is touch on a few of the key areas where Quantum Leap has pushed the envelope to set new standards.

Speed is probably the most central theme in the development of this software for traders that we hold precious and do not compromise on. Everything is done within the context of trying to deliver the most efficient, simplest, and fastest systems to traders. Most central to the software structure of QL is the architecture of the servers processing all the data. The fundamental design of how RT3, cybertrader, tradecast and castle's servers process data was scrapped and a whole new approach was developed. The one area I can't discuss further is what this new approach is because we would like to keep it from our competitors as long as possible. What matters to traders, though, are the results, not an understanding of the technology behind these results.

We have run speed tests for data delivery in our office. We have RT3 and cybertrader in our office, both are fed by PC Quote's hyperfeed on a full T1. QL's data is received from a Comstock satelite. We tested all three on the same computer screen with levelII side by side and measured any differences in time between price changes or MM moves. These tests were done between approximately 9:30 and 9:50 a.m. for several weeks on the most volatile and active stocks of the morning i.e. amzn, yhoo, ebay... The results consistently showed QL delivering changes in price or MM moves of approximately one second faster on the average with an approximate range between 1/2 and 1 1/2 seconds. This is very significant. During the middle of the day all systems delivered prices at basically the same rate. At the close QL was better again but not as significant.

We are planning to release video documentation of these speed tests as soon as we can set up the technology to video capture this in our office.

I just made one or two points above and look how much I wrote. Unbelievable. I am sure in time we will cover many more aspects of our system versus the others but for now this is all for me.

One of the fastest ways to learn about it would be to take it for a spin.

Regards,

Dan
Shamrock Financial Services
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