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To: Sam Sara who wrote (90259)1/7/2000 9:37:00 PM
From: HG  Respond to of 164684
 
I have accounts with 4 OLBs. They're all equally bad. You might as well be asking for the moon !!!!



To: Sam Sara who wrote (90259)1/7/2000 9:59:00 PM
From: Glenn D. Rudolph  Respond to of 164684
 
Does anyone have recommendations for real-time quote feeds that has:

1) up-time of over 99%

2) is accessible over standard telephone lines

3) will give streaming real-time quotes on multiple tickers?


Data Broadcasting is great but is also costly. It works fin over regular dial-up if you don't put in more that 100 stocks at a time. You may put in more but bandwidth becomes an issue on your side.

1) ability to do option trading

2) fast executions of market orders and good fills of limit orders

3) uptime of near 100%, especially at times of large trading volume.


Merrill Lynch except at present you have to call to trade the option. That is suppose to change this month.

By the way, they have never been down for me to make a trade.



To: Sam Sara who wrote (90259)1/7/2000 10:18:00 PM
From: James Thai  Respond to of 164684
 
Does anyone have recommendations for real-time quote feeds that has:

There's really only one choice for a low cost (<$100/mo) feed. qCharts, from quote.com. Although reliability isn't that great, the compression they use is fantastic, and hardly takes up any bandwidth. There's a fairly active thread here too on it.

James.



To: Sam Sara who wrote (90259)1/7/2000 10:28:00 PM
From: Bill Harmond  Read Replies (1) | Respond to of 164684
 
Sam I use PC Quote 6.0 for $1,500 per year for quotes and live charting. It's fast, reliable and very customizable.

pcquote.com



To: Sam Sara who wrote (90259)1/7/2000 11:03:00 PM
From: Robert Rose  Read Replies (2) | Respond to of 164684
 
<I am sure many on this tread are frustrated with their online brokers, so if you have any positive things to say about yours, please speak up!>

I've given some thought to this subject recently, for some of the same reasons you voice. And here are my conclusions:

I've decided that my chief problem was not my OLBs but the practical limits I was facing trading large blocks in stocks with small floats.

Schwab guarantees a 500 share block at market. Neither Datek or Etrade do that. In general, this more than makes up for Schwab's higher fee. Of the other two, I much prefer Datek. I have horror stories re: Etrade's incompetence that I won't even get into here.

One thing I like about Datek is that they trade through Island ECN, first and foremost. This is generally regarded as the most liquid ECN. Etrade, otoh, uses Instinet. Using Datek's Island Book Viewer, I've gotten better at adjusting limit orders to ensure cleaner executions. If you understand how trades are actually executed by Datek, you can minimize many of its drawbacks. In that regard, I've found this book helpful:

amazon.com

I agree their Datek Streamer is almost more trouble than it's worth.

The main thing I plan to do over time is shift $ from Etrade to Datek and Schwab. The latter two both have advantages for different purposes.

Good luck, Rob