bungrider, If you lock in REDI on REDI+ for OTC, you will get an immediate excution on a market order 99% of the time(REDI is proactive). Come by our office and try it. REDI+ has many features that are very good when set up properly and used with well maintained tradestations. As far as Goldman trading against REDI+ customers, that is just nonsense. Goldman trades a variety of products around the world including fixed income and foreign securities. Short term stock trading is only a small part of Goldman's income. Use your brain. Why would IB do trades for .005 per share? I'm sure it's not for charity. IB is owned by Timber Hill, one of the largest MM firms in the world(and a great company). Read the disclaimer on their site. They say , and I quote " "Chinese Walls" are maintained between IB and Timber Hill". Gene Weissman Lieber & Weissman Sec., LLC gweissman@stocktrade.net
My experience is... * REDI+ comes out with bug fixes on a semi-regular basis, but new functionality releases are VERY RARE!!! They seem to have an "if it ain't broke don't add to it" mentality. * I hear that Bright's "proprietary" software consists of a simple Excel spreadsheet for S&P premium calculations, spread and opening only trading. What is so "proprietary" about this??? * Given two equally skilled traders, with other things being equal, the one with the faster more user-friendly software wins in the long run. Period. * Don, you're not an imbecile. You know that no one would ever take you up on your challenge of pitting one of your "best traders" against someone else using different software. There are far too many variables to make this a worthwhile experiment including: trading styles, holding periods, risk profiles, stocks traded, etc... Give this argument a rest already. It's an insult to the intelligence of the board.
eddie_stanford, The statement I made was of a general nature and of course not directed at any firm. REDI+ is very RAM intensive especially if you use a charting package in addition to REDI+. I suggest using an IBM AT compatible computer with 400MHZ + CPU 256 Megs RAM and Windows 2000 or Windows NT 4.0 or higher only. This is what our techs(in house) tell me. I don't claim to be an expert on software, but I know enough to get myself in trouble.(Do not use Windows XP or ME with REDI+-I've been told). Gene Weissman Lieber & Weissman Sec., LLC gweissman@stocktrade.net
My experience is... * REDI+ comes out with bug fixes on a semi-regular basis, but new functionality releases are VERY RARE!!! They seem to have an "if it ain't broke don't add to it" mentality. * I hear that Bright's "proprietary" software consists of a simple Excel spreadsheet for S&P premium calculations, spread and opening only trading. What is so "proprietary" about this??? * Given two equally skilled traders, with other things being equal, the one with the faster more user-friendly software wins in the long run. Period. * Don, you're not an imbecile. You know that no one would ever take you up on your challenge of pitting one of your "best traders" against someone else using different software. There are far too many variables to make this a worthwhile experiment including: trading styles, holding periods, risk profiles, stocks traded, etc... Give this argument a rest already. It's an insult to the intelligence of the board.
echo , REDI tech support told me to only use MS NT 4.0 or higher, MS 2000 or ME may work. We have never used XP at our office and I don't want to have problems when trading. Gene Weissman Lieber & Weissman Sec., LLC gweissman@stocktrade.net
Mr. Hansen...just today we started putting together another "wish list" for Redi upgrades and features. We will have some follow through shortly, as we have had in the past. Imagine, some people still pay Specialist fees when their orders stay in for over 5 minutes, not our people....but that's just one improvement. Seriously, let me know what features you think are making you all this extra money...I would like to see if they are really worthwhile or just something that some people happen to like. Our computers are fine, and our traders are doing excellent....we have had a couple of problems simply due to our growth over the years (which I simply cannot apologize for). We have taken over the tasks of buying computers ourselves, rather than have the clearing firm provide them, so we can replace them more often. So, help out your fellow traders, and let us know what you feel is helping you ....we really want to know. Thanks, Don
I'm sure Gene was aiming at us, he is much more well informed than that...but nice try... Don PS: We are not "against" nasdaq, we are just "pro" making money the easier way. Not a big deal.....
Don, Be honest! You sent fax to Redi for complaining lagging & inaccurate quotes of Redi plus software. Why didn't you tell us about it?