Quote from CPTrader:
Thanks WinstonTJ..
Could you please check on this for me:
" I don't have a monitor for how much bandwidth I've used per month, nor do I have a cap... but I can check on it and report back. Perhaps my IT guy knows more."
One more thing you say the price structure in a colo is roughly $150/month which you say is in line with the quote I received. However, the quote I received says: $10/Meg/month...which I believe works out to 10 * 100 = $1000/month for a 100MBit line; which is way more than $150/month. Or is my arithmetic incorrect??!!
Your generosity in sharing your insights will be rewarded in spades. I believe in positive karma.
Thank you!
My bad on the misunderstanding. Yes the amounts I quoted are correct, we pay $150/100-meg line (inside the colo @ 111 8th in NYC). So yes, the prices being quoted to you are crazy high. I assumed $10/10meg not $10/1meg. You need 20-30megs to play it safe... at that rate $200-$300/month is total BS inside the colo, they are grossly taking advantage. You should be able to rent a 1U with power and 100mb symetrical line for roughly $350-$400/month if you don't need to be an an ultra-low latency space.
As for bandwidth usage, I can only estimate as the majority of my boxes share a 1.2 gigabit line with a few other guys. I can tell you that I record tick data, roughly 2-3GB per day so per month so that's 400-600GB of data that I pull per month. With internet browsing, youtube, (porn), as well as sending trades & orders I'd say its pretty safe to call it ~600GB of data per month that I use or pull.
HTH, I'm still looking into getting a solid figure over last 6months for you.