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Strategies & Market Trends : The Final Frontier - Online Remote Trading -- Ignore unavailable to you. Want to Upgrade?


To: Jonny White who wrote (7068)4/27/1999 3:37:00 PM
From: Dan Duchardt  Read Replies (1) | Respond to of 12617
 
I was following the heavy action on BIDS this morning as it was climbing from 20 to 22+ with volume around 300,000 shares per minute. I use myTrack, which is a direct data provider. I had no ticker running except for BIDS itself, no dynamic T/S, and no L2 screens, just some tables more or less like RealTick Market Minders for about 40 stocks, not a huge bandwith load. I believe my bids were pretty accurate, but they were leading the prints by about 1/2 to 3/4 points during a very steady climb. Time and sales shows this history.

My guess is that there was a huge backlog of prints that could not keep up with the market action, possibly all the way back to NASD.



To: Jonny White who wrote (7068)4/27/1999 3:57:00 PM
From: wily  Read Replies (3) | Respond to of 12617
 
I'm inclined to agree with you that it's not Nasdaq's fault for a couple reasons:

1) At any other time during the day I can be pulling an equally heavy or heavier data load and not have out-of-sync quotes. Very often, when this happens at the open, it's not even a stock that is trading heavily.

2) I noticed that someone who uses the same firm as me has posted that his quotes are out of sync but reverse to mine: his Level II lags, whereas in my case it is T/S that lags.

I use RR cable internet and have very good trace-routes (at least they seem good to me). Here's a few:



Tracing route to sbquote26.taltrade.com [198.207.140.50] 4-22-99 9:38am
over a maximum of 30 hops:

1 23 ms 13 ms 16 ms d185d1d01.rochester.rr.com [24.93.29.1]
2 61 ms 10 ms 11 ms mthope-rtr-a-mcr3.twcny.rr.com [24.93.0.149]
3 5 ms 5 ms 6 ms 24.93.0.9
4 4 ms 5 ms 5 ms 24.92.224.9
5 17 ms 16 ms 17 ms 24.128.6.126
6 16 ms 16 ms 17 ms 24.128.191.6
7 29 ms 34 ms 34 ms vnbrt02-ccbrt01.mediaone.net [24.128.6.73]
8 31 ms 31 ms 31 ms 24.128.6.105
9 33 ms 33 ms 35 ms pnbrt01-vnbrt01.mediaone.net [24.128.6.85]
10 36 ms 36 ms 36 ms fd0-0.pen100.eni.net [192.157.69.39]
11 37 ms 40 ms 38 ms S1-1.kst200.gw.eni.net [155.229.120.81]
12 39 ms 39 ms 41 ms H3-0-0.dca100.gw.eni.net [155.229.120.33]
13 41 ms 41 ms 42 ms 155.229.120.154
14 105 ms 104 ms 103 ms atm0-0-1.chi100.gw.eni.net [155.229.120.14]
15 68 ms 86 ms 75 ms 206-135-4-210.gw.eni.net [206.135.4.210]
16 72 ms 67 ms 69 ms phoenix-to-brighid.taltrade.com [208.154.78.133]

17 70 ms 71 ms 70 ms sbquote26.taltrade.com [198.207.140.50]

Trace complete.

Tracing route to sbquote26.taltrade.com [198.207.140.50] 4-22-99 10:28am
over a maximum of 30 hops:

1 9 ms 7 ms 20 ms d185d1d01.rochester.rr.com [24.93.29.1]
2 6 ms 6 ms 6 ms mthope-rtr-a-mcr3.twcny.rr.com [24.93.0.149]
3 6 ms 6 ms 5 ms 24.93.0.9
4 6 ms 6 ms 5 ms 24.92.224.9
5 17 ms 17 ms 17 ms 24.128.6.126
6 18 ms 16 ms 17 ms 24.128.191.6
7 31 ms 31 ms 31 ms vnbrt02-ccbrt01.mediaone.net [24.128.6.73]
8 30 ms 31 ms 30 ms 24.128.6.105
9 34 ms 32 ms 33 ms pnbrt01-vnbrt01.mediaone.net [24.128.6.85]
10 35 ms 35 ms 34 ms fd0-0.pen100.eni.net [192.157.69.39]
11 39 ms 36 ms 37 ms S1-1.kst200.gw.eni.net [155.229.120.81]
12 42 ms 41 ms 45 ms H3-0-0.dca100.gw.eni.net [155.229.120.33]
13 42 ms 41 ms 38 ms 155.229.120.154
14 105 ms 104 ms 218 ms atm0-0-1.chi100.gw.eni.net [155.229.120.14]
15 83 ms 83 ms 84 ms 206-135-4-210.gw.eni.net [206.135.4.210]
16 84 ms 70 ms 68 ms phoenix-to-brighid.taltrade.com [208.154.78.133]

17 78 ms 87 ms 69 ms sbquote26.taltrade.com [198.207.140.50]

Trace complete.

Tracing route to sbquote26.taltrade.com [198.207.140.50] 4-23-99 9:33am
over a maximum of 30 hops:

1 12 ms 12 ms 16 ms d185d1d01.rochester.rr.com [24.93.29.1]
2 4 ms 5 ms 4 ms mthope-rtr-a-mcr3.twcny.rr.com [24.93.0.149]
3 5 ms 5 ms 4 ms 24.93.0.9
4 5 ms 5 ms 5 ms 24.92.224.9
5 17 ms 16 ms 16 ms 24.128.6.126
6 16 ms 16 ms 17 ms 24.128.191.6
7 29 ms 39 ms 30 ms vnbrt02-ccbrt01.mediaone.net [24.128.6.73]
8 31 ms 30 ms 31 ms 24.128.6.105
9 43 ms 32 ms 33 ms pnbrt01-vnbrt01.mediaone.net [24.128.6.85]
10 35 ms 36 ms 42 ms fd0-0.pen100.eni.net [192.157.69.39]
11 36 ms 37 ms 36 ms S1-1.kst200.gw.eni.net [155.229.120.81]
12 40 ms 38 ms 38 ms H3-0-0.dca100.gw.eni.net [155.229.120.33]
13 39 ms 39 ms 39 ms 155.229.120.154
14 103 ms 104 ms 102 ms atm0-0-1.chi100.gw.eni.net [155.229.120.14]
15 83 ms 85 ms 70 ms 206-135-4-210.gw.eni.net [206.135.4.210]
16 68 ms 85 ms 85 ms phoenix-to-brighid.taltrade.com [208.154.78.133]

17 70 ms 70 ms 68 ms sbquote26.taltrade.com [198.207.140.50]

Trace complete.