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Hi
Avnish,
It is
standard practice in financial data reporting that volume gets truncated by two
digits. For the 30 years I have been involved in the financial markets
that was the "norm" even before the PC when we had the old Quotron Machines
on every brokers desk. Over the last several years with the evolution of
the PC, a growing number of programs add the two zeros to the end of volume
values for you. My educated guess is that the exchanges still report only
the truncated version of volume to their data vendors to save time and space in
their data feed output (they are outputting a great deal of data and any little
time saving adds up). So it is up to your data vendor or
program to add the zeros or not. In my experience, most do not
because most of the financial world is used to the truncated volume (old habits
die hard in the financial community). My best advice is to just use the
truncated volume. As long as your use of volume is consistently either
truncated OR not truncated your results will be exactly the same. If
the issue really bothers you or you must use both kinds of volume figures then
you will have to add "x 100" when you use volume from Reuters data. There
is no fix other than that. Actually, Reuters is stating their volume
correctly according to financial industry standard practices and your other data
vendor is not when they add the two zeros back on. Sometimes in trying to
help users, they actually make things more confusing (case in
point).
If you
stick to one data feed and forget the issue you will have no
complications. If you must mix the two data feeds, it may (will) get
confusing.
Wish I
could be more help.
Best,
Larry Carhartt
Thanks Larry for your
response. I am trying to use the Reuters Datalink but the Volume data is
truncated by 2 digits by Datalink.
For example I have Apple data
downloaded with other program which shows the correct EOD volume
9,234,456.
When I download data from
Datalink the day after it shows Volume as 62,534. It should be
6,253,400.
I called Reuters help but they
say it can't be adjusted by them or the Downloader and that I have to
write a formula to fix this problem
I think there should be some fix
for this.
Did you face this problem, if
so, how did you overcome it.
Your help will be
appreciated.
Thanks
Avnish
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