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“Data from Reuters” is bad. How do I know? When I see no gaps for
Globex sessions on currencies I know they are not Globex sessions. When
I copy 1000 days of T-bonds
and 1000 days of SP-500 in a same spreadsheet , I see an example of
missing days.
It is easy to spot V=0, OI=0 in spreadsheet as well. Large movers obvious
as well.
Errors of order 5-10 ticks are not easy to spot. On a few occasions I
compared them
against ones posted by CBOT and CME on their websites.On 10-10 data on
SF,DM,
and BP had 5 (out of 12) errors > 2ticks, on 10-13 Hi and Low for those
currencies
coincided . T-Bond on 10-13 is not posted .THOSE JUST the EXAMPLES.
I suggested many times to people at Reuters , Reality Online (Reuters
Trend Datalink),
Equis to test “Data from Reuters” against Reuters terminal datafeed , or
I volunteered to do it for them , just send me Metastock or Excel files
from Reuters terminal datafeed .
If you read how Reuters Trend Datalink being advertised you will see how
much mileage they squeeze out of name “Reuters” . “Reuters” even in
Microsoft Word dictionary unless it was added without my asking .
Reasons “you got what you paid for “ are not really applicable, because
institutional investors pay not just for tic data (BIM data probably is as
reliable at 15% cost ) but the news as well .
For last couple of months situation is that :
at Reality Online - they are saying it is not up to them to eliminate
discrepancies with Reuters terminal datafeed .
at Reuters-either no reply ,or “talk to Reality Online”
at Equips- they cannot help with that (even I believe they tried)
Now , entire thing sounds like fraud to me.( Read advertisement for Reuters
Trend Datalink and their User’s Guide)
Metastock ‘s Downloader doesn’t have good vendors (probably CSI is a good
vendor -
example ) and among them only Reuters has lookup dialogs , correction
features - they belong to the same Co. With web development I would guess
integration will go further. I am not aware of another combination of
major trading software developer and data vendor.
My advice to Equis : as soon as you implement some attractive web features
for
for integrating Metastock & “Data from Reuters” don’t waist money for
reliable software which you have now . Program that crashes every 15
minutes is no worse than data which is really bad .
All the time I hear words “Intellectual Property” and “Rights” , the time
I asked
at Reality Online abote their liability - reply was :“None. Read the
disclaimer .”
I feel that as an individual I exhausted all possibilities talking to
the companies .
I would really appreciate the reply , from those companies as well.
But personally after few months of phone calls I see no other ways than
asking for help
from Federal Trading Commission or taking some legal actions.
Leon Feyder ( lfeyder @ www.worldnet.att.net )
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