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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?


To: exdaytrader76 who wrote (15206)2/9/2002 10:29:41 PM
From: Jon Tara  Read Replies (1) | Respond to of 18137
 
I think it is doubtful that very much of the SuperMontage technology will be available to ordinary traders.

That is - yes, they will be able to execute orders through SuperMontage. But I am skeptical about how much of the added data will be available to them.

The data feed for SuperMontage requires a T-3 connection. I think that all but the very largest brokers are going to have to think very hard about whether the cost is justified. Not only will they have to pay for this expensive connection (not yet priced, but considering what they charge for the T-1 based NQDS, it will likely be astronomical) but then somehow have to get that data out to their customers.

To add insult to injury, SIZE isn't on The T-3 feed. (The T-3 feed provides the additional depth - up to 5 levels per market participant.) SIZE is only on the NASDAQ workstation. I don't see how brokers would be able to make this available to their clients.

BTW, NASDAQ is holding regional forums on SuperMontage. I attended the one in Los Angeles last month, and found it useful. I think they used the same Flash presentation, or something very similar, and there were people there who were able to answer any question thrown at them.