Recent content by Surgo

Hi Leigh, Quite a while ago I looked at MotiveWave and while I was impressed with the program's documentation and having a usable API, I did not go any further with it due to its lack of options support. (I have no interest in things like Elliott Wave). I see that some basic options support is...

Use their market data assistant tool they link from the market data page.

Affordable software with what appears to be a usable options module? Great! I'll be trialing this now.

You don't need the snapshot bundle if you don't want snapshots. You just pay the $1.50 for each tape (NOT each exchange, each tape). Given that the announcement didn't include OPRA, I'm going to assume that OPRA is unchanged.

The "$4.50" we're talking about is NYSE listing ($1.50) + NASDAQ listings ($1.50) + AMEX listings ($1.50). US Securities Snapshot Bundle is not streaming, it's an update-on-demand service. US Value Bundle is what is going away; they are no longer legally able to offer it.

Yeah sorry I was using IB's rather incorrect (as you pointed out) terminology of "alternate NBBO". In reality it's just the best bid/offer from the BATS exchanges.

If you read my very first post in the thread, you'd see I thought quite a bit about it. Not sure how I could be "sensitive" otherwise.

The "old state" was a BATS only data feed. You can't go back to that. It's not allowed by the regulators anymore. If you buy the $4.50 feed (which consists of 3 packages -- NYSE listed quotes, NASDAQ listed quotes, and AMEX listed quotes), you'll get a NBBO from all exchanges. That's a superset...

Maybe you're able to negotiate lower commissions or something, but TD Ameritrade on their website advertises $10/trade. OptionsHouse is indeed $4.95, which happens to be 4.95 times what I normally pay per trade on Interactive Brokers.

Oh please. :rolleyes: Ameritrade etc. don't charge for the data because they cost $8.95 a trade! Go take a look at IB's commissions for comparison. IB doesn't even require you to buy the data if you don't want to. It's certainly not their fault that they're no longer allowed to offer their BATS...

Well, BATS would be a subset of what you're getting (minus AMEX quotes), would it not? NBBO everywhere is NBBO everywhere, BATS included.

The big difference? Well it's pretty clear. Before you could get a BATS-only feed for free. That was good enough for a lot of people, self included. Now you either pay $4.50, or you explicitly request quotes at the rate of $0.01/request (max $1.50 per one of NYSE, NASDAQ, AMEX quotes). Given...

edit the wikipedia page, copy the table minus the header, paste into a file, sed "s/|-//; s/^\t{{[^|]\+\([^}]\+\).*/\1/; /^$/d" | tr "\n" ","

http://lmgtfy.com/?q=option+pricing

To start, probably return taxes to their levels under Eisenhower and invest heavily in obvious growth areas like solar and CRISPR.