Re: The most significant event since man walked on the Moon!!!!!

[IUhrik@xxxxxxx]

   It is up for discussion whether it is sensible to compare the 
32-bit Universal Market Server with the 16-bit Omega Server 
when the latter is just about to be replaced with a 32-bit version. 
At any rate, in comparing the two, the author of the initial post -- 
?Bob Brickey? -- seems to be using wrong arguments.

    First, the use or non use of 5 minute data files is a non-issue. 
Omega charting accesses 5 min files to build a 5 min multiple 
chart only within a specific interval -- between the time 5 min 
files are built and the beginning of a new trading day. This limits 
a speed advantage given by faster loading 5 min charts to tasks 
like running historical studies over the week-end. 

   In real-time trading, once new ticks start coming in, TS charting 
acts the same way as other charting software using UMS does. 
It accesses the tick file, not the 5 min file, to constuct an intraday 
chart, regardless of time compression used. 

   Second, tick editing in Omega does not work as suggested. The 
author claims that "...if a user wants to fix a bad price seen in a 
five minute bar chart, editing the data being charted would not fix 
the tick database, it only would fix the five-minute bar data." 

   However, a tick corrected off an intraday chart, including a 5-min 
chart, is the tick in the tick file -- or what the author, presumably, 
calls the tick database.

IU