for anyone interested in short term trading, CyberCorp has some really great toys. They only offer stocks and mutual funds; no options.
they say they will have a BBN available within 2 weeks, no more internet problems.
here is a post from the Cyber thread
Talk : Brokers/Resources : CYBERTRADER
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To: +Darren (760 )
From: +Philip R Berber
Monday, Jun 8 1998 2:09PM ET
Reply # of 787
As CEO of CyBerBroker, I would be happy to take and respond to questions
regarding CyBerCorp, CyBerTrader, CyBerT, CyBerBroker and CyBerCenter on this
thread
If we have already answered the question on CyBerCorp's WEB site I'll direct you
there
The most pressing question that seems to be on everyone's minds right now relates to
CyBerTrader 1.6 and CyberT 1.2, both of which are about to go into beta testing with
CyBerBroker customers. The disks are being shipped this week
In my opinion, having been involved from the start over two years ago with the design
and development of this technology, and having invested around $2.0m so far, this is the
most exciting and dramatically improved version of CyBerTrader to date.
In summary the CyberTrader 1.6 beta software includes the following:
LISTED STOCKS
Over the past year or so CyBerTrader has evolved from being a SOES-style traders
tool to a far broader trading platform. For some time now we have been preparing to
evolve the technology from a SOES/OTC platform, to a true US stock markets
technology. CyBerTrader 1.6 Beta is just that - with the addition of NYSE and AMEX
stocks. It provides a SuperDOT execution platform, integrated seamlessly within the
CyBerTrader. With 1.6 Beta, all of CyBerTrader's decision support, risk management,
P&L, charting and other tools have all of the listed stocks running through them.
INSTADOT
CyBerTrader already allows traders to send orders directly to the leading day trading
ECNs, such as Island and TNTO with ATTAIN planned next. Yet much of the
institutional volume is executed through Instinet. We have created a proprietary and
unique technology, called InstaDOT, which provides an electronic order routing
mechanism to Instinet. With 1.6 Beta, simply hit F1 - F4, holding down the Alt key, and
you will have directed an order for execution on Instinet. When the order is filled, it will
automatically appear in your Account Manager, Open Trades and Position Manager.
Further Instinet related developments are currently being designed.
FASTER ISLAND DATA AND EXECUTIONS
Island remains the key ECN for many day traders. CyBerTrader already provides
"quantitative order flow" by way of the Island Open Orders and Executions windows.
With 1.6 Beta, and as a result of our new ITCH/OUCH server technology, we have
taken it one step further - faster Island data display and consequently faster Island
executions.
Simply put, we are now able to display Island data directly from Island and up to three
seconds faster that is currently displayed through third party data feeds. This speed
advantage allows you to see Island first - and to execute off that data, sometimes before
others have even seen the data!
SEE THE ISLAND "BOOK"
CyBerTrader now allows traders to bring up the new "Island Book" window, which
looks similar to a Stock Box. This feature is dedicated to showing all of the Island bids
and offers, and the size associated with each, for any stock selected. Prior to this you
were restricted to seeing the inside quote only - now you can really see how many
orders are out there on Island, bids and offers, and see how much size is associated
with each. And since 1.6 Beta is using the new ITCH/OUTCH server technology, the
Island Book contains the most direct and fastest Island data display. You can link the
Island Book to any Stock Box so that you can always see, at a glance, the depth and
pricing of the Island book.
MARKETVIEW
Want to see a broad range of market data on selected stocks in one window? Now you
can. MarketView allows you to selected from up to 14 criteria such as Last Trade,
Today's Open, Yesterday's Close, Change from the Close, Bid, Ask, Volume at the
Bid and Ask, Volume etc. You simply pick which stocks and which criteria you want to
track - and be able to see it all at a glance anytime during the day.
NEXTGEN GUI
NextGen GUI refers to Next Generation Graphical User Interface. Here we are talking
about converting text and numbers relating to market data flows into a graphical, color
display. The first version of this has been attached to the Dynamic Ticker in 1.6 Beta,
which tracks all of the Bid, Ask, Uptick, Downtick, Refresh type activity for all market
makers for any stock selected.
Using mathematical, engineering and computing concepts we have created a unique and
proprietary "dynamic bar graph" that converts market data into a visual graphical
representation. The concepts behind it are quite complicated so we have included a
Help file that explains all. Once you see it in action, you'll be able to "perceive" market
maker data flows and activity without looking at the text and numbers - by simply
watching the bar graph. More of these types of next generation market display tools are
on the way.
NEWS FILTERS
You can now "query" the news wire for stories on selected stocks. So if a stock
appears in your decision support tools or you simply want to see what the latest stories
are for a particular stock, and you want to see what might be behind the activity or
move, simply query the News service for the Headlines. If the story came out that day,
you can click on the headline and get the full story. You will need to have subscribed to
Dow Jones News Service and set it up within CyBerTrader to avail of this.
PROXIMITY ALERTS
When we started showing traders those stocks that hit intra day and 52 week highs and
lows we opened up a number of additional trading opportunities each day. What if we
could tell you about such events prior to them happening? The Proximity Alerts allow
you to do just that!
With 1.6 Beta, you can set up CyBerTrader to alert you to an intra day or 52 week high
or low prior to and as it approaches that level. And each trader can pick how close or
far away from that level the stock needs to be before you are alerted. So that you can
act or prepared to act before others even know about it! Always trying to give
CyBerTraders an edge!
NEW STOCK BOX
The new Stock Box is worth getting to know, and use fully. In the background we have
re-written the code in C, which makes it faster and more efficient. In the foreground,
you will see a number of important improvements in term of the tools and controls within
the Stock Box. From Color and Font controls to Display Options to a much neater and
faster mechanism for changing share size. Get to know the new tools, you'll like it!
NEW GRAPHS
The new Graphs have also been re-written in C with the same benefits. You'll see that
the look and feel of the charting package has improved plus it's evolving into a Technical
Analysis graphical package. Being able to overlay stock indices as well as see the intra
day volume bar are just two of the new features, along with full Color and Font control.
Plus Crosshair trend lines and the ability to draw in your own trendlines.
CONTROLS/OPTIONS/COLORS AND FONTS
Color and Font controls have been added extensively within the Workstation front end
as well as many display and control functions and options. Best advice it to explore
these new tools and get to know them so that you can tailor your Workstation, more
than ever, to your particular needs and trading style.
NEW MOUSE DRIVEN FEATURES
You can now enter orders using the new (optional) Execution window using your
mouse. Simply point and click. There are a number of simple yet clever features within
the Execution window that makes this new feature easy and clear to use. Some of us
will always be "hit the keys' types - other have been asking for point and click for a
while - so here it is!
The other new mouse driven feature is the ability to "paste" stocks at the click of the
mouse and touch of a button into a ticker, "on the fly". Simply enter the stock symbol
into the Stock box, click the mouse in the Decision Support/Ticker window of your
choice, and then press Ctrl+V - and the stock immediately appears in that window. Try
it, you'll like it - it's powerful and fast.
BACK OFFICE/RISK MANAGEMENT
Many additional functions and features have been added into the back office, primarily
designed to give broker dealers the opportunity to manage their brokerage risks and
comply with NASD rules more effectively. We have also learnt that different firms
interpret and apply NASD rules in different ways - so the new back office features
allows each broker dealer to tailor the system's controls to the way they each run their
business.
____________________________________________________
As regards CyBerT 1.2 beta, of the above features, the following are included in 1.2
beta
LISTED STOCKS
FASTER ISLAND DATA AND EXECUTIONS
MARKETVIEW
NEXTGEN GUI
PROXIMITY ALERTS
NEW STOCK BOX
NEW GRAPHS
CONTROLS/OPTIONS/COLORS AND FONTS
NEW MOUSE DRIVEN FEATURES
BACK OFFICE/RISK MANAGEMENT
NEW TRAINING CD... NEW TRAINING CD...NEW TRAINING CD
We have also produced, for the first time,multi media based, interactive, audiable
Training CDs - simply put the CD in your PC (with sound card and speakers), sit back
and enjoy and benefit from the training presentation. Its as if you have one of our trader
support people sitting right there, with you, at your PC
PRB
CEO
CyBerCorp Inc.
www.cyber-corp.com
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