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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?


To: walker v who wrote (1771)7/29/1998 1:32:00 PM
From: SE  Read Replies (2) | Respond to of 44573
 
walker,

Thank you for the compliment. Although I am the least experienced of any, it appears I am the first answer.

As I am paper trading right now, I don't use real time quotes. In fact, my method is based off of the mini's quotes for now and I use the quote.com site for them. The mini is real time as the CME is trying to promote it and therefore they are not charging exchange fees. It is close to the SPOO, but not exact.

I have considered going the interenet route to trade as that is what I am doing with auditrade, a paper trading internet service that gives you accurate fills based on your order entry....trust me they are accurate, I get shit fills like anyone else! :) However, after discussing it and thinking about it, I am going to trade with the firm Patrick uses, EDF Mann out of Chicago. Their desk is right at the SPOO pit and their trader right next to the desk in the pit. They might cost a touch more than other firms or the internet, but one or two shit fills will cost you more than your share in commission fees.

That is my two cents.

-Scott



To: walker v who wrote (1771)7/29/1998 1:49:00 PM
From: Patrick Slevin  Read Replies (1) | Respond to of 44573
 
I see Scott answered your question.

For data I rely on a cable modem with a feed from BMI. The downtime (since the modem replaced a sat-feed around October) has been insignificant. Perhaps 20 minutes spread over the past 10 months. Longest outage was probably 7 or 8 minutes.

The sat-feed absolutely rotted. Prior to that I used an FM feed which was okay.

BMI, Signal, DTN are all owned by DBC which has a site at

dbc.com



To: walker v who wrote (1771)8/3/1998 5:48:00 PM
From: SE  Read Replies (1) | Respond to of 44573
 
walker v,

FWIW, I just ran across this. I know nothing about them, and am learly of using on on-line service. I want to know what the quote is when I place my order and what my fill is instantly....the internet I think will fall short of that requirement for me.

xpresstrade.com

-Scott