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Re: ?Legal Question:?? What is REAL TIME???



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Hey Jim,
Thanks for the response.  It is possible that their
arguement could be technical limitations, however, if
it is, then an upgrade by that company to meet the
requirements of the law is in order.  My complaint is
that I see no current law that creates a standard that
must be complied with before a company can call their
data REAL TIME.  Can I send data out 5 Minutes delayed
and Call it real time?  If not, why not?  If there is
a standard there what is it?  If not, why isn't there
one?
A


--- Jim Bronke <jvbronke@xxxxxxxx> wrote:
> They would argue that it is technical limitations.
> Which it is. They just
> don't spend any time criticizing their own
> operation. We learn the hard way.
> 
> Jim Bronke
> Phoenix, AZ
> 
> 
> 
> ----- Original Message -----
> From: "a a" <goldcapstone@xxxxxxxxx>
> To: <omega-list@xxxxxxxxxx>
> Cc: "TaoOfDow" <taoofdow@xxxxxxxxxxxxxx>
> Sent: Friday, February 08, 2002 8:20 AM
> Subject: ?Legal Question:?? What is REAL TIME???
> 
> 
> : Group,
> : Consider this.  There have been some on the list
> who
> : have complained that their feed is frequently
> behind
> : 30 seconds, sometimes as much as 2 minutes.  Is it
> : possible that there are NO LAWS regulating such
> : things?  How is it not possible for the FCC to be
> : involved in this matter. Why the silence?  Without
> a
> : legal background, one would have to conclude that
> : there are no laws regulating this, making it 'OK'
> to
> : charge $295\mo. for real time data that isn't
> 'REAL
> : TIME'. Charging for REAL TIME DATA, when the data
> is
> : DELAYED for all practical uses, is in my opinion a
> : dishonest and crooked act perpetuated on the
> trading
> : public.
> : IN SHORT:  What is REAL TIME DATA?
> : Awaiting discussion,
> : A
> :
> 
>