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To: Intel Trader who wrote (257)4/18/1998 1:45:00 PM
From: dpl  Read Replies (1) | Respond to of 417
 
IT,I have been thinking of using BMI Platinum software.Can you tell me how you like it besides the delay?What speed do you connect at?

David



To: Intel Trader who wrote (257)4/19/1998 7:50:00 AM
From: funk  Read Replies (1) | Respond to of 417
 
I think ISDN is a mistake.

I have been trading using the exact system you are looking at on a 28.8 modem. My account is with MBTrading, which is basically an outlet for Southwest Securities. We now can work our orders using ARCA which is awesome all by itself, and we also use Island and soes and we can broadcast or preference directly thru selectnet as well.

The feed is thrown in for free and the trades are 18.95 for up two thousand shares, if you make fifty trades a month. If you trade less than that then it costs a bit more, but still quite reasonable IMO.

I have been trading this way since January and I am quite pleased with the system I am using. I would venture to say that the tools I utilize now or equal to or better than anything on earth at this time.

And I like the people I deal with.

good luck,

funk

oh executions when they occur are confirmed in a second or less,

execution times can vary for the simple reason that we work our orders so for instance if i want to go long i may chose to join the bid and wait for some one to puke shares up. That means I may have a live order out for a while depending on several factors, islnd is working great for getting fills on stocks with low tier sizes or stocks that are heavily soesed and have long soes lines.



To: Intel Trader who wrote (257)4/20/1998 12:08:00 AM
From: ojai  Read Replies (2) | Respond to of 417
 
Intel Trader

I use ISDN with dynamic IP addresses, works good for me. I had problems with my 56K modem previously, kept having disconnects at the most inconvenient times. My phone co, (PacBell) would not guarantee data quality on normal analog lines so I decided to spend the bucks for the reliability of digital ISDN. It has been a big improvement so far, (only a month so far) and I don't regret it. I would try regular analog and find out if it is reliable in your area first, as the physical cable construction depends on the company and the area.
I ended up going with the 3com Impact IQ ISDN modem, which was a package deal from PacBell, seemed like it was a good discount, about $200 after a mail in rebate. Also no set up fee with PacBell ISP, $50/mo unlimited. You need to consider the connect time and costs. Mine is .01 per min. per channel. So I'm paying .02 per min. since I have it set up for dynamic multiconnect, which bonds both channels automatically, giving me 128K.
Also, you can speed up the computer bus to true 128K, normally it's limited to 115K + the stop bit loss, which adds up to approx 30% loss. I haven't done the upgrade yet, but the card from Turbocomm looks promising. This is getting long, so I'll let others answer your other questions.

-ojai