The different type of Reuters are roughly between $500 and $1000 per month - depends what deal you can negotiate. I havent heard of Minute Wise but will check it out, thanks. I used to get DJ news direct but found on figure releases it was about 10-20 seconds slower than the other vendors.
Well it works well for me.Of course I let it run a bit before I go short. Im on about the 9.30 reports USA time buzz
Could you explain how that works, because my feeling is that most important market participants use the same, fastest news sources and will be at least at fast as you in their reactions. How can you make a difference compared to the large amounts they're trading? Ursa..
As a longtime Bloomberg PS user who recently has been using Reuters for a few things, i will tell you to not even screw around with Reuters. Reuters does not compare at all to a bloomberg terminal and someone who knows how to use it.
No, they don't. It's not just a home business, look at 7-Office rental or web site related cost for runing Trading business 8- Any managed funds costs, fees and % commissions for net profit Let say if someone has invested total $1Million with several registered hedge fund with 2 times leverage, and return of 35% on return on investment ROI would be $700k a year. $700k / 12 monthes=$58,330 monthly if 20% goes to hedge fund then $58,330 * 20%=$11,666 is his monthly expense for his fund managed
I don't think 10-20 seconds makes any different, we rarely see big move even in 1 minute candle. I think best news feed should be at least 2-3 minutes faster than what other average retail traders get their hand on it
I knew a guy who was using reuters for scanning, and he was recommanding it. What is Bloomberg PS, and would you give some tips how you use the service?
We don't need more than 1 day's backfill because at the end of everyday we can export the day's data out in CSV format. Do it everyday and it'll be the equivalent of backfill everyday. XD
Not everyone can do that, or some don't even know how to do it. Because IB data is free, it's giving you cost saving advantage to have another data feed for backup, testing and other purposes. It seems that most using IB feed+ QT only, may be it's cheaper to be descretionary trader, but you need to spend at least 300+ everymonth for cost related to become a system trader, you can't go any $wise lower than that.