Quote from justrading:
I do not use eSignal, so I have to take what I am told at face value.
What would you think if you were involved in this?
Rep - : The best I can offer you is $1 for the 1st 30-days. The OnDemand service will give you delayed data. That is fine for you correct?
Rep - : You will NOT get options data with this service.
Me: I was on a chat with another rep earlier and I specifically asked for US futures options data and he said yes for this package.
Rep - : Futures options yes however I futures options data is very poor
Rep - : I meant "our futures options data is very poor".
Rep - : Futures options data is a weak point in our product offering
Me: Meaning?
Me: Hoadley does mention esignal as you know
Rep - : It's very sporadic and incomplete
Rep - : Yes, I know. I am listed on their website as the contact person
Rep - : Equity options are a different story
Rep - : Futures options is a weak point
Me: So effectively you are saying it will not be adequate?
Rep - : Most likely not.
I did email Hoadley. He gave me a lengthy reply, the crux of it being " There may be issues with the futures options data but I have never had any feedback about that."
He noted that the cost of his software is pretty low and thus most people simply buy it and try it out.
As for your point about the only thing needed is the settlement prices, this is what Hoadley had to say about the subject;
My software uses option chain snapshots ââ¬â but they are real-time. Snapshot doesnââ¬â¢t mean delayed. It means that all quotes are at exactly the same point in time (which in the case of the suppliers I support is real-time)
And,
There are no free end of day futures option chain data available that you can feed directly into my software. If you know of any you can put the chain edata into a CSV file which my software can read.
In short, there may be problems, I don't know, buy the software and see. No trial possible, I asked.
Thanks for the details.
I think the salesman was just trying to sell you on his regular product.
Just because Hoadley can use real-time data doesn't mean he needs it. End of day snapshots off the CME web site would be fine. As he says, the best way is if data is all taken at the same point in time.
A lot of people turn off real-time updates when using OptionVue and other options products because the bid-ask quotes are too wide and noisy intraday to have any meaning.
But I personally would not want to pay the on going fee to esignal either in any case.
It would not be that hard to write a program to download the end of day settlements off the CME web site.
I have written software to get it off my broker but I cannot share it.