Real-time data offered over Internet
Data Broadcasting Corporation now offers real-time financial market data over the Internet. Signal Online delivers continuous market data to customers' PCs and laptops anywhere via phoneline or wireless connection, so users can track portfolios from office or home and while traveling.
The new service is the Internet-delivered version of DBC's flagship product, Signal. Signal Online requires no special receiver hardware or start-up fees.
Signal Online uses proprietary active push technology to stream market information to customers.
Signal Online also offers alerts. Users can receive price and volume alerts on any issues in their portfolio via pager, E-mail, cellular phone or desktop. In addition, advanced news management and enhanced charting features manage news and quote data, enabling users to access historical headlines and intraday charts on demand.
A demo version is available for download from Data Broadcasting's Web site.
In other news, Data Broadcasting Corporation and CBS News have joined forces to create CBS MarketWatch. With CBS MarketWatch, CBS News will contribute its news-gathering resources, while DBC will provide the basic Internet technology and financial reporting structure.
Data Broadcasting's Web site will provide the backbone for the new MarketWatch service. The new service will offer stock prices, a range of business news and real-time information and analysis at no charge. Real-time stock market data is available for extra charge by subscription. The service will be advertiser-supported.
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Advanced Trading Systems has started licensing its US T-bonds trading system, the ATS-320, over the Internet. There is no initial cost to obtain a license. Rather, the trader pays ATS 10% of the net profits generated by the system.
The system generates a new signal approximately every three months. The ATS-3200 system is an artificial intelligence system tracking numerous indicators for overbought/oversold market conditions. It's a weekly long-term, trend-following system, using neural networks, genetic algorithms, fuzzy logic and chaos theory. The user receives clear, objective signals every Friday.
Details are available from the Web site. A free demo can be downloaded with a free password good for 30 days.
NeuralWorks Predict from NeuralWare combines tools and training into a PC-based neural development system for classification and prediction problems. NeuralWorks Professional II/PLUS builds on Predict's data transformation and variable selection to provide the capability of honing an application with flexibility.
NeuralWorks Predict automates data analysis, data transformation, data selection, variable selection, network architecture, testing and deployment. Software product add-ons provide additional deployment support with two types of explanation capabilities and a statistically based network. Expert levels provide the experienced user with control over all details of operation.
Data analysis and transformation capabilities construct fractional polynomials and fuzzy data coverings that are combined with feedforward neural networks to create hybrid fuzzy polynomial neural networks. This gives Predict capabilities in modeling complex data.
Data preprocessed by Predict can be imported/exported to NeuralWorks Professional II/PLUS. FlashCode generated by Professional II/PLUS can be integrated into preprocessing code generated by Predict.
Prognosis Software Development has introduced a new version of its Elwave software for Windows. Elwave can generate a detailed Elliott wave analysis using end-of-day as well as intraday charts. The most probable outcome will be highlighted automatically, together with expected targets and patterns. Elwave will automatically recognize Elliott wave patterns and rank the patterns found according to their probability.
The user can adjust analytical details and depth and also use different sets of rules. Users can choose to have Elwave update their own wave analysis or analyze only a specific section of the chart with as many wave degrees as specified. Although the most probable alternative is presented first, every validated alternative can be inspected on every wave degree.
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CLASSES ON OPTIONS AND TECHNICAL ANALYSIS
The Chicago Board of Trade will hold a class on options trading January 6-29. The course covers terminology, profit and loss diagrams, the concept of option value, using options in hedging, basic strategies for options trading and an introduction to volatility and delta. The class will be held at the Visitor Center Theater in the CBOT building. The cost is $125 per person.In February, the Chicago Board of Trade will sponsor a four-session course on technical analysis, conducted by Thomas Bierovic. The course will cover the use of bar charts, point and figure charts, and moving averages to determine the trend and to find support and resistance. The course will also show how to interpret ADX, parabolic, momentum oscillators (such as the MACD, RSI, stochastics), on-balance volume, the Herrick payoff index, and other popular technical indicators. The class will be held February 9-12. The cost is $150 per person.
As its March offering, the CBOT will sponsor a three-day minicourse on agricultural basics. The course on March 2-4 will cover the basics of futures and options, the structure and principles of international cash grain markets, and applies futures and options to cash grain risk management. The course costs $750 per person.
CBOT Market & Product Development Dept. Mary Unger 141 W. Jackson, Suite 2210 Chicago, IL 60604 phone 312 435-7207 E-mail mung50@cbot.com
EXCHANGE WEB SITES
Want to check out some exchanges' Web sites? Here's a convenient directory page: https://library.uww.edu/SUBJECT/exchange.htm.
SOFTWARE FOR DATA CONVERSION
TicksCruncher software from Financial Systems converts data into various ASCII formats. If the technical analysis software you're using can't read the data format supplied by the LIFFE or DTB (Deutsche Terminbörse), TicksCruncher will process the historical tick data into an ASCII format. The user simply sets some properties. The DTB version can produce continuous contract data.Christian Holzner Financial Systems Reischenbachweg 18 A-5400 Hallein Austria Tel +43 6245 78568 Fax +43 6245 78568 E-mail cholzner@magnet.at
LIVE TRADING FLOOR ON INTERNET
The American Stock Exchange (AMEX) has begun offering a live online video of its trading floor via its Web site, www.amex.com. AMEX offers live video throughout the trading day and live webcast market reports at 9:30 and 4:30 each trading day. In addition, amex.com offers stock and options market data.The AMEX Web site uses Progressive Networks' RealVideo technology to present the live video broadcast of floor trading. In addition, QuickTime Virtual Reality lets viewers control a 360-degree view of the trading floor, while 10 QuickTime user-selectable movies use both audio and video to show the exchange features, such as the specialist's post and options trading.
Internet: https://www.amex.com.
SUNSPOT CALCULATOR
Vibration Research Institute offers the Sunspot Calculator, which is a C++ add-in for TradeStation and SuperCharts. The calculator contains a database of sunspot data from 1901 to the present day, so TradeStation and SuperCharts users can program their own indicators and systems that incorporate sunspot data. The Sunspot Calculator manual is posted at Vibration's Web site for browsers to review. Sunspot Calculator comes with a library of Easy Language indicators. New indicators are also available free by E-mail as they are developed. The calculator costs $200. A discount of $90 is available to owners of other software from Vibration Research Institute.Vibration Research Institute PO Box 152672 Austin, TX 78715-2672 Phone 512 280-5112, E-mail vibri@flash.net Internet https://www.flash.net/~vibri/
SCANNING MUTUAL FUNDS
WJC Development has released a Windows-based stock and mutual fund analysis program for users of Worden Brothers data. The program, called MarketGraphics, features a tool for scanning thousands of symbols daily. It scans a wide variety of stocks and mutual funds for common technical analysis patterns and buy/sell signals triggered by the current day's closing prices. MarketGraphics helps Worden Brothers data users narrow down the prospects.Graphs of the analysis results are placed in groups for easy viewing in a full-screen slideshow or for color printing. A daily scan of 10,000 symbols is quick and easy using a Pentium computer.
Portfolio accounting supports long and short sales. Reports can be printed or exported to a word processing file format.
Here's a sample chart from WJC Development's MarketGraphics software. WJC Development PO Box 5525 San Clemente, CA 92674 Phone 714 492-5000 Internet https://www.marketgraphic.com
TRADING PERFORMANCE ANALYSIS SOFTWARE
RINA Systems has released a new version of Portfolio Evaluator, RINA's software for analyzing trading performance. Users can combine markets and/or systems into portfolios and run what-If scenarios to design diversified risk-adjusted portfolios. The software user doesn't need to know any programming, and analysis can be applied to both end-of-day and intraday analysis.Reports include system analysis, daily, monthly and annual returns, as well as drawdown/runup calculations. The program also produces multiple reward/risk ratios, outlier trade analysis, entry/exit efficiencies, time-in-trade analysis, equity curve analysis, seasonality analysis, maximum adverse and favorable excursion, contract merger capabilities and more than 25 charts both for an individual market/system and for a portfolio of markets/systems. The number of markets/systems to be included in a portfolio is unlimited.
In the new version, mutual fund performance analysis is possible. New detailed trade-by-trade reports are included with percentage profit, drawdown and runup for each trade and with sorting capabilities.
A comparison report for all markets/systems is generated on the selected variables. The new version also includes a RINA index of trading quality that reflects reward/risk ratio per one percent time in the market. A system study now is also possible for any period selected by the user.
RINA Systems Inc. Phone 513 772-7462, fax 513 771-7185 E-mail 73243.3614@compuserve.com Internet https://www.rinasystems.com
