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They both have demos so you can try them out. I thought the audio quality on tradersaudio's S&P pit was far worse than trade the news. The latter made it pretty easy to pick out individual traders' voices and hear what they were saying.

Just be careful with "LNCM" as a company name. People may still be hunting for the president of LTCM. :-)

My biggest single winner is a straight call purchase (BKS for earnings a while back). Some stats out of my portfolio (for whatever its worth). I've traded 307 positions so far this year (all options based). Position means "one or more legs which was not entirely closed out. ie. if I have a...

In the last hour and 15 minutes, I've downloaded 4MB from DTN for primarily the ES feed. And their feed is highly compressed. In an uncompressed form (that my application actually reads), I've read 40MB so far today. Assume you have a nicely compressed API as well. 7 hours of active trades per...

I gave you numbers. I also gave you at least a dozen things you have to consider. If you're going to keep back tick data, you'll have to buy it from somewhere, and you'll have to store it in a pretty massive database. Figure a tick has 20-40 bytes, multiply that times 2-3 million per day. Look...

It depends on a lot of things: - How many exchanges? - How reliable do you want the feed to be? - What does your typical customer use your feed for (satellite delivery of all symbols, or watch a few hundred?) - Will you build your own ticker plant or buy someone elses? - If the...

OEX has tons of volume, as does SPX. However, ETF options have gotten VERY popular lately. QQQQ, SPY, DIA all trade hundreds of thousands of contracts per day. They're not KOSPI options, but they're not bad!

You didn't go long cocoa, did you? I took the other side of that bet, and have been happy. :-)

As I've said elsewhere on this forum, the US-exercise option, so to speak, is redundant on a cash settled instrument. The only possible advantage may be in selling. I'm not sure I agree. Options on CBOE's OEX, for example, provide some fascinating outcomes only possible with American...

I'm not a programmer, but I typed in a few random codes into Tradestation, and it says I can do this with only $500 in my account in less than a week. Imagine what someone good could do! I wonder how long $5000 would last trading options. Maybe if someone told me the best option strategy?

I first thought he was being clever and deeply thoughtful. Now I realize he just does not have a grasp on the English language. "Unexpectedly, there were several other aspects that appeared," is the topic sentence of a paragraph. "Achieving critical mass was the only issue. It was solved...

We Americans are a backward lot, but it's not like we have a secret formula for pricing options that no one else uses. :-) We ocasionally use fewer 'u's in our spelling and have fewer phrases like "bollocks", but those are relatively minor differences. Option exercise is typically either...

My favorite is this line: "This means that 70% of the population do not have to have life style reductions of 40% simply because of the power of the global exchanges to provide a potential that gives and family using the paradigm lifetime capital surpluses that can and will be deployed to solve...

I wish I could understand Grob also. I'm sure he has many pearls of wisdom, but I get lost in his stream of consciousness. On another thread, he admonished people for not having a "systematic system", but rather a "system plan". I'm still trying to parse that one... Perhaps he's the Yogi...

B1S2: I'm utterly confused by this. I've read many of your posts without a doubt to your sanity until now. :-) 1) You're selling straddles if you're buying the underlying and selling two calls. Not that straddle selling is a bad play, particularly in bonds or possibly even ES these days, but...

This topic has been covered to death, and there are literally hundreds of reasons why your system might work or it might explode. The only way to tell is to TRADE IT! If you're making $18k/week with your system, why not take next week off from work and trade it full time? If you're $18k richer...

Where'd ya go, Danno?

These guys do need a lesson in basic salesmanship. I wrote an email asking for a price, I got a voicemail saying I must call back to get the quote. I then got an email pointing me to the voicemail. I called, missed her and left voicemail. Called again, and missed her again. Finally, got her...

TradeTheNews is $125 just for the futures squawk. I use the squawk mostly to hear the pit volume, but the commentary has been very useful too. A few days ago, the locals got extremely short and the brokers got really long. The locals tried to "push it over". There was practically no noise out...

IB charges nothing for an exercise.