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Non-Tech : CYBERTRADER -- Ignore unavailable to you. Want to Upgrade?

To: Brentsky who wrote (880)	6/18/1998 7:17:00 PM
From: William W. Dwyer, Jr.	Respond to of 3216

Brent, I've just played with the new version for an hour or so today and cannot comment intelligently. So, I'll comment unintelligently, which seems to be my speciality lately. The most obvious feature of the new version, the one that appeals to me most at this point, is the "Market View" feature (similar to Boardview in Realtick, I believe) which seems to me the only major feature that was lacking. But there are other really neat features, too. It is truly a dramatic improvement in what was already a great product. It installed quickly and easily from the CD, has documentation that can be printed out, and includes a neat little introductory tutorial. Quite impressive. Worth waiting for. I can't wait until tomorrow to explore the other new features. By the way, I installed it on both my pc's and it seemed to run nicely with Windows 95. Hope you get to play with it soon, Brent. Bill

To: Brentsky who wrote (880)	6/19/1998 7:57:00 AM
From: William W. Dwyer, Jr.	Respond to of 3216

Brent, Here is some introductory information I received concerning the new CyberTrader software. I hope it gives you a better idea of what features have been added or improved. 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. 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. This is only a summary, Brent. More thorough printed documentation, including and audio/visual tutorial, is included on the software update CD. Bill