Thompson workstation

[aiki14]

2054

[Luc1Grunt]

Crritique of the platform???

[aiki14]

Crritique of the platform???

Luc, it is tremendous, Seemless Equity and option order entry through Merrill and E*trade and I have direct access to the exchanges and all of the ECN's. I get such better order entry response I can't even tell you, if I put an order in premarket I routinely am the first block traded at open, and I always get my price or better.
Great Charting. It'll simultaneously display in real time 1200 Stocks and every index, international and domestic including level II and Nasdaq total view. It has Dow Jones News Plus and 24 hr Bloomberg Video feed. It has a dedicated T1 line and it's never been down in two years of nearly constant round the clock operation. The tech support is 24hrs a day year round as well.

I have zero complaints other than the cost, but I am so used to it I doubt I could go back to anything else.

[Luc1Grunt]

Sorry I have not done any reserach on my own (yet), but does it allow "order triggers order" functions? Can you set 2 or 3 conditions at a time? Thanks, Grunt

[aiki14]

Sorry I have not done any reserach on my own (yet), but does it allow "order triggers order" functions? Can you set 2 or 3 conditions at a time? Thanks, Grunt

It does if I understand the concept and yes you can set multiple triggers and multiple conditions, but I do not use the technique. I work things out and pull the trigger myself.
For me the order entry and execution speed is key, and the program/technical trading less important, but I see why it would be for you.
There is a large amount of capability I don't employ, I'll look at the user guides and report back.

[Luc1Grunt]

I've now been to the site and will continue later today. Thanks for the info.

I'm in the process of designing / creating a swing system to meet my changing daily time schedule. Limits and stops do what they are designed to, but in modeling several executions I need the ability to set a simultaneous buy limit, sell stop if triggered, buy (additional shares) limit if triggered, and sell limit at profit. I also need the ability to modify from a blackberry or web based platform as conditions dictate. Slavery to a software platform does not fit at this time......

I'm down to a few, but always open to new (to me) systems such as Thomson.

Thanks!!

[freakscene]

Luc, it is tremendous, Seemless Equity and option order entry through Merrill and E*trade and I have direct access to the exchanges and all of the ECN's. I get such better order entry response I can't even tell you, if I put an order in premarket I routinely am the first block traded at open, and I always get my price or better.
Great Charting. It'll simultaneously display in real time 1200 Stocks and every index, international and domestic including level II and Nasdaq total view. It has Dow Jones News Plus and 24 hr Bloomberg Video feed. It has a dedicated T1 line and it's never been down in two years of nearly constant round the clock operation. The tech support is 24hrs a day year round as well.

I have zero complaints other than the cost, but I am so used to it I doubt I could go back to anything else.


for a minute I thought I was looking at MARL ;)

you have a dedicated T1 ? sweet, if you use the bandwidth.....or did I misinterpret?

[aiki14]

for a minute I thought I was looking at MARL ;)

you have a dedicated T1 ? sweet, if you use the bandwidth.....or did I misinterpret?

I have no clue about bandwidth, Thompson said it would handle 64 pc's or something. I can't tell the difference between it and the cable, on the internet.

[Albert0373]

Yeah, speed difference between Cable internet and T1 is minimal; it's the capacity that each can hold. T1 is for pc cafes, libraries, and schools because it can handle more users as data is sent to and forth on the line, while cable can handle a max of around (5?) users to be optimal.

Dang, T1's are around 300 a month for the cheapest ones...but I guess their uptime is what is valuable to your thompson. I pay 50/month for my 10MB cable connection.

[netwrangler]

Yeah, speed difference between Cable internet and T1 is minimal; it's the capacity that each can hold. T1 is for pc cafes, libraries, and schools because it can handle more users as data is sent to and forth on the line, while cable can handle a max of around (5?) users to be optimal.

Dang, T1's are around 300 a month for the cheapest ones...but I guess their uptime is what is valuable to your thompson. I pay 50/month for my 10MB cable connection.I have a WWAN connection for my laptop that works well as a backup for my normal broadband connection on the desktop. Not cheap, but not 300/month either.

Prefer the WWAN connection to hotel "wireless" connections when traveling. Not faster, necessarily, but at least the security and malware protection with the WWAN is consistent from town to town.

[aiki14]

Yeah, speed difference between Cable internet and T1 is minimal; it's the capacity that each can hold. T1 is for pc cafes, libraries, and schools because it can handle more users as data is sent to and forth on the line, while cable can handle a max of around (5?) users to be optimal.

Dang, T1's are around 300 a month for the cheapest ones...but I guess their uptime is what is valuable to your thompson. I pay 50/month for my 10MB cable connection.

I think it represents $360-380 of the monthly charge