Remote Traders to get hit with BIG Internet Access Fees
- Thread starter seasideheights
- Start date
I saw that too. I use to monitor my bandwidth with this software tool that I got off the internet. http://www.bwmonitor.com/
Seems like I using about 200 meg a day. We don't pull nearly as much data through as we think.
John
Actually its very common in the rest of the world. I think its because so much traffic is international where the bandwidth costs to the ISPs are much more significant. But it doesn't have ANY effect on traders - its about file sharing and video downloading.
I have a fairly standard limit for Australia, 12GB of traffic (sum of in + out), and my trading, mail and browsing, plus the other two pcs on my network, amounts to less than 3GB per month.
The other 9GB are TV shows (350MB each), films (under a G each) and large file transfers like Games (often 6G now). So keep your video and your kids under control and you'll have no problems. For another $10 per month I could upgrade to 24GB.
I have a fairly standard limit for Australia, 12GB of traffic (sum of in + out), and my trading, mail and browsing, plus the other two pcs on my network, amounts to less than 3GB per month.
The other 9GB are TV shows (350MB each), films (under a G each) and large file transfers like Games (often 6G now). So keep your video and your kids under control and you'll have no problems. For another $10 per month I could upgrade to 24GB.
I am using BitMeter, and I have no idea what the last two posters are talking about. Running two trading applications all day and just regular internet browsing, no downloading, will use at least 1gb per day according to the program. What do you guys watch, one quote and one chart on one trading application?
This statement makes no sense.
The ISP is not charging you for "bandwidth" they are charging you based on the actual amount of data downloaded and uploaded. If it takes you 10 seconds to download 10mb (high bandwidth) or it takes you 10 minutes (low bandwidth) to download the same 10mb the ISP will still charge you the same amount of money.
I am now running BitMeter and Bandwidth Monitor to see if there is a difference and they are giving me basically the same information.
If you are a trader that watches just a few things and doesn't change symbols much and only runs one application during RTH then you probably don't use much. However, if you have multiple applications running all day with a lot of charts, option chains, and quotes, and pull up different symbols so you are requesting more data each time you do that, then you could easily use 20 to 25gb per month or more just from trading.
That is still well within the proposed caps of 40 to 50gb per month, but you would have to forget about downloading movies or any other intensive use. These plans would put so much pressure on all the TV and movie downloads and video streaming that are just now becoming so popular I would have to think the current experiment the ISPs are doing wont work, but we will have to wait and see.
Even if it turns out you have to pay $100 per month instead of the usual $50 per month because you are a heavy user I can't see that affecting too many traders. A little more money for your link to the outside world is not a bid deal.
