Downloadquotes.com

Current and past users of this service, please give me your opinions. Thanks.

What, no one at all in here has used the downloadquotes.com EOD data service?

Hey Honey , I have used Downloadquotes.com and I missed it right now but they have stop providing they service. I Loved it. It covered almost all exchanged.

This is the problem with free data sources - one day it's down or simply gone without explanation and then you need to spend hours trying to figure out where else to get the data from, how to merge it with your current set etc. What is your time worth to you? Wouldn't you rather concentrate on trading?

Hello

gd reply.

so what service do you use?

RichardDale said:

This is the problem with free data sources - one day it's down or simply gone without explanation and then you need to spend hours trying to figure out where else to get the data from, how to merge it with your current set etc. What is your time worth to you? Wouldn't you rather concentrate on trading?

Click to expand...

My opinion is biased since I'm a data vendor. In the interests of not trying to self-promote, if you want to see where I'm from look at my profile.

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Chuck

Richard,

tell me what you think of this suggestion, which is a solution that I'd be willing to pay above market rates for.

I need the EOD quotes as soon as possible, and the wait until you EOD providers have sorted out your data integrity and all that is too long. My interim solution is to hack a program together that uses IB TWS to grab the last OHLC of all the markets I'm interested in and to collate them into my EOD data.

The reason why this is interim only is because this data from the live feed is error-prone.

But at least I can launch my trading systems.

I then do the normal download, which fortunately just overwrites the IB data, and I run my system again and check manually to see if I've got any bad signals because of data errors.

So what my ideal data provider would do that for me - they would provide a download immediately the markets have closed (for me that's the Chicago futures markets). Then later they'd provide the error-checked download, and they'd also send an email or have a module on their client-side software that shows me which futures had errors and were corrected.

Is that demanding too much?

Hi Adam,

Coming from the perspective of a data vendor that specialises in EOD data, the quality of data available from the exchanges that incorporate a floor session is very poor until a few (or several) hours after the market has closed.

For most of the CME markets, we provide data in the form of Floor (if the pit is trading) and All Sessions Combined (Floor + Globex combined).

What we are considering is to provide a Globex-only set of data which incorporates using the last traded price as the close price. This is something that we may be able to incorporate if the data feeds are reliable. Whether this would be available in the 30-60 minute shutdown period is hard to answer at this stage though.

Note: Such data would have to represent a preliminary set of data because the exchange often doesn't provide confirmed data until much later. And there are issues most futures exchanges too data feeds too - their data isn't to be trusted, especially around holiday time. This is why we have about a dozen data feeds, cross check sources and also around 3-4 man hours of verification EACH day. Many data vendors simply consolidate their tick data feeds rather than undertake the significant effort required to create a premium quality EOD data set.

OK, thanks for the info. I assume you take advice from customers using EOD data who also need to run their programs on the day's data before the markets open up again - which is generally an hour for many in Chicago.

I haven't done a rigorous analysis of the issue, but I presume that it is better to run the program with one or two errors in, in order to get my orders into place before the markets opens, rather than to put all my orders in late albeit using perfect data.

I would want the perfect data in the long run though as well of course - but I'd happily take a few data errors on market close so that I can run my system.

And it also means I'm more likely to get to go to bed at the same time as my girlfriend - just realised it must be rough for you sometimes down under in that respect!

Richard,

a couple of questions about the EOD data service Norgate offers:

is it possible to update the Norgate historical data on my machine (when subscribed) temporarily with data that I obtain with my own program via Interactive Brokers - and then to run the normal Norgate download and have my temporary update overwritten by the correct one?

2) the prices in GBP don't seem to reflect the current exchange rates - do you charge the actual amount in the actual currency chosen on the website, or is that just a guide (which looks out-of-date)?

Thanks

Hi Adam.

1) Yes that should be possible - you'll have to match up IB's symbol convention to our symbol convention of course.

2) We charge in GBP, USD, AUD and EUR - take your pick. Note that many credit card issuers charge an extra 1-2.5% "overseas transaction fee" plus give you a horrible conversion rate (up to 150 pips away from the spot rate) when you purchase in a currency other than your own so that that into consideration too.

Given your special requirements, I'd recommend you take a free trial of our service first. It's fully functional in all ways except for the limited amount of historical data provided.

OK I'll do that. Thanks for the info.

RichardDale said:

This is the problem with free data sources - one day it's down or simply gone without explanation and then you need to spend hours trying to figure out where else to get the data from, how to merge it with your current set etc. What is your time worth to you? Wouldn't you rather concentrate on trading?

Click to expand...

Sorry, I don't get here very often, so this reply is well late.

Downloadquotes.com was not free. I never did sign up with them, because they were unresponsive. Now they're out of business, presumably at least partly because a service provider does not gain and retain clients if its customer service and service package is not up to scratch.

An oft-used phrase is, "You get what you pay for." I'd guess that this is often true. But in the case of Yahoo Finance and other free sources, like Google Finance, you get what you don't pay for, so people who can settle for less than pinpoint accuracy have nothing to complain about and everything to be grateful for.

the cost of the feed is only half the equation - the other half is the cost to yourself in terms of hours (and other software perhaps) to manage the data.

ahardy66 said:

the cost of the feed is only half the equation - the other half is the cost to yourself in terms of hours (and other software perhaps) to manage the data.

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Also true, of course. We all have different requirements, and everyone has to do their own calculations to decide how much they should pay.

It's still handy to know that there are a couple of sources of free EOD data that will do for folks whose sophistication needs are low.

In most cases anyone who needs data also needs to analyse it, and the same software used for analysis will download the data. Plus, I'd rather pay once for software than monthly for something that is surplus to requirements.

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Chuck