Tick, Tiki and "Fast Cash"

Originally posted by jem
I am interested in a followup to Lawrence Chan and vulture. In the past I used at financial and track data and I found the fast cash on track and the tick on at to be good tools. Currently I find the tick on quote.com to be more useful than the tick on real tick but I like real tick for other things. Who currently has the most accurate and fastest tick/ tiki updates. Does anyone have fast cash besides track data. Finally, a few years ago the rep from Track data said the merc floor was looking at track's data. Whose data do they use now?

thanks.

Does anyone know the answer to the above question? Where can you get fash cash data? Where does the "fast cash" on the Merc floor come from? The people at E-Signal don't understand what the heck I am asking. Also could someone please explain Tick and Tiki.
 
I don't believe fast cash data is published. To get these values you need to construct them from the individual stocks yourself.
 
Tick is the number of upticks and downticks on the nyse, the thing here is this includes all stocks, even preferreds, which are unlike common equity, so it can or cannot be useful, Ticki is for the dow 30. Can you explain what fast cash is?
 
Originally posted by cartm
[B Can you explain what fast cash is? [/B]

Thank you for your explanation of of Tick & Tiki. Do you find these to be useful indicators for scalping minis?

"Fast cash" is the components of the index either S&P or Nasdaq 100 Real-Time. It is the same as the $SPX but computed real-time. At the Merc the fast cash ticks about every second.
But I can't seem to find out where or who i can get this indicator from (short of having to compute myself)

I am not sure if this is going to be a viable strategy, but I am obviously trying to follow the cash to determine when the Arbs will come in. I figure that there are at least a few times every day when you can really "lean" on the Arb orders if you know where they are, at least in the short-term. But, by using $SPX...you are way too late.

Does anyone else use this strategy?
 
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