Invitation for wisdom - Dataservices

In this wisdom series for the benefit of everyone here, let us talk about data services.

Format

Name:
Type: EOD/Intraday/Mixed(hourly/30mins etc)/IEOD
Cost:
Reliability:
Business Continuity:
Markets Served:
Instruments:

Example
Name: Trendwatch Historical Database
Type: EOD/IEOD
Format: Stock EOD & 225 intraday historical tick-by-tick data with volume
Cost: 5500 pa + 4000 for renewal subsequently
Reliability: Good
Business Continuity: Good
Markets Served: Not specified
Instruments: STocks only + 225 intraday historical data(IEOD)

Name: eSignal
Type: EOD/Intraday(Tick)- 10second update.
Cost:Rs 5633 per month on ICICI credit card payment, including foreign exchange charges etc.(Billing US$ 117 per month) - for stocks &futures.
Limit of 200 symbols.
Reliability:High, Excellent Backfill- 24 Hrs.
Business Continuity:Excellent
Markets Served:NSE
Instruments: Stocks & Futures.

Hello

I think the best way is to get data with > 1 minute time frame in amibroker withoput any 3rd party plugins completly free from yahoo.


hetal

Name: Soubhagya ( www.soubhagya.biz)
Type: EOD(nse,bse,mcx,ncdex,us,forex,world comdity)/IEOD(5 mins of all 1 stmon fut & its equitites+certain other 5 min chart on client request)/real time ( NSE & MCDEX )

Cost: Eod ( Rs 2500), Eod + IEOD ( Rs 3000)

Reliability:High, Excellent Backfill- 24 Hrs.( manual support till 2 am)
Business Continuity:Excellent
Markets Served:NSE
Instruments: Stocks & Futures.& commodity

Whose who are buy data at a high cost,i dont know why they do so.

When you have your own money trading online intraday, you can appreciate the value of quality real time data required for real time scanning and charting. When you loss/make money in F&O
by slightest bad tick/tick, then you know value of quality data. When you use data hungry softwares like TradeStation or Safir, you can go nuts (or bust) without the real data. These are the kind of people who buy data at a "high" cost ! No wonder 95% traders loss money.

By the way since Soubhagya site is under construction for many days - especially the Real Time Data link - and you seem to know all details regarding pricing, will you be kind enough to let me know the exact source of Soubhagya Data. Is it direct from NSE or through another data service because the Soubhagya name does't appear on the list of data buyers as per NSE info ?

I'm asking you this question because there are some so called RT data service providers who collect data from a broker's terminal through advance converters and 'relay' the 'data' to many non-suspecting customers - (that is why indiabulls have intentionally programmed their PIB 4.1 to delay writing data to customer's data folder).

And does Soubhagya provide a free 30 day trial ? What is exchange fee component in their pricing ?

Before we talk about data let me comment about this 'should be free' attitude.There is never a shortage of the freeloaders, trying to get something for nothing, like there is free money lying around the corner for them to spend on weekends.If you havent paid your dues in work and on educating yourself, be prepared to become a mortuary statistic. I have met so many of those over the years that I have to distance myself from them due to the nauseating feeling

Also if you cant afford to pay 3k a month for real time data, seriously you shouldnt be trading, you are greatly undercapitalized. Ofcourse its different when you are learning to trade but still without practice on a tick feed for a minimum of 6 months you are underprepared for the realities of trading, but hey ..what do I know?

Ok so lets talk about data
The ones I have tried

eSignal
Its 80$ + exchange fees for basic service which can feed Amibroker, MS etc
Exchange fees for NSE is $2, BSE is $6
If you sign up for a year its 59$ PM, around 2700 Rs

Quotecenter
Faster than eSignal, with RT Options & Breadth data
135$ PM
Lots of extra goodies

Reuters Datalink EOD
Seriously slow updates

Viratech EOD, StoxTrend EOD
Ok Quality
Technical Trends EOD & RT ( RT is a joke )
Poor Quality


CV

There will be new plan "eSignal DATA" that will come with data only (no e-signal charting program) and pricing will be as follows:
Base Fee: $60 per month
Service Options*:
Stocks: $15/mo
Futures: $25/mo
Options: $50/mo
Forex: $50/mo
Market Depth: $20/mo
* Exchange fees apply ($2 for NSE)

Good to see CV back in action..

hey sudhir...yesterday I saw that their basic plan of $85 is scrapped...they now give stocks+futures for BSE and NSE....125 from 1st Jun 07...

Is it a new update that you are talking about? Will check it right now...

This will be a new package, not update.
But before signing up, please note that there have been some problems recently with eSignal - like on 9th March there was no data at all after 12:30 (and i was deep in a trade!) . No Level 2 quotes.
Sometimes if i want to see a RT chart by clicking on the scan result (not by entering a symbol in symbol lookup window), the data is not backfilled from eSignal - i have to force a backfill - which disrupts attention a lot.

Also I've noticed that some real time scans, especially volume based scans like Twiggs Money Flow, give better alert signals on a data system based on PIB converted data to Amibroker than a system based on eSignal data to TradeStation or WealthLab

But eSignal's Time & Sales Chart compensates for above deficiencies. You can see this chart even from beginning of a new F&O series !