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TradeTheNews or Ransquawk what choose?


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TradeTheNews or Ransquawk what choose?

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  #1 (permalink)
Moscow/Russia
 
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Hello everyone
Last time iam test two news servise TradeTheNews and Ransquawk. In my case im trade intraday only index and for me this type of servise very help for understand what now situation on market.
And now i want ask FIO users who useed this servise along time:
1. What servise do you think better and why?
2. May be same additional info about this type of news servise what i don`t now.

Thanks)

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  #3 (permalink)
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both of these services as part of a collaborative group of traders. We wanted to test for speed, reliability, and necessity.

Rans was faster on both economic releases and on regular news.

We found equal reliability of the information but TTN did have two incidents where server and thus feed was interupted.

Ran's broadcast less, meaning that they only talked when something was important. We found TTN to sometimes give commentary that was subjective.

Rans was considerably less expensive. But the Russian girl that was our sales rep for TTN was absolutely beautiful

Hope that helps.
Good luck.

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  #4 (permalink)
Moscow/Russia
 
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wldman View Post
both of these services as part of a collaborative group of traders. We wanted to test for speed, reliability, and necessity.

Rans was faster on both economic releases and on regular news.

We found equal reliability of the information but TTN did have two incidents where server and thus feed was interupted.

Ran's broadcast less, meaning that they only talked when something was important. We found TTN to sometimes give commentary that was subjective.

Rans was considerably less expensive. But the Russian girl that was our sales rep for TTN was absolutely beautiful

Hope that helps.
Good luck.

Thanks, for your comment.
I test both service only 1 week per each service, but after this week iam also look to Ran`s side)
1. Ran`s is much chipper- 50 GBP with 1 min broadcast delay;
2. Web interfece on Ran`s more useful for me.

And Ran`s more then enough for future trader ( i think)


Good luck

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  #5 (permalink)
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I think we paid less, maybe 20 pounds a month. We did not have all of the feeds though. IMO, if you can wait for a one minute delay, you can probably save the expense of a paid news feed. All the best.

Dan

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  #6 (permalink)
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wldman View Post
I think we paid less, maybe 20 pounds a month. We did not have all of the feeds though. IMO, if you can wait for a one minute delay, you can probably save the expense of a paid news feed. All the best.

Dan

They used to charge 20 GBP/month on Talking-Forex.com, which was owned by Ransquawk and marketed as just Forex but essentially had most of the global market moving events covered (such as Treasuries, NFP, CL, etc.) anyway.

It used to be real-time audio at that price, which was very reasonable IMO. Then it all changed so I cancelled.

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  #7 (permalink)
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That is what I remember as well. I think when they were adding the delay and doubling the price was probably what killed the deal for us as well.

We found that having the real time excellent feed was fun and interesting, but it was not demonstrably beneficial for our type of trading. Generally we are aware of possible market moving events and trade around or avoid those. A major unknown market moving event is going to clobber you regardless of what you listen to.

We found the feed valuable and interesting, but more on a macro perspective and felt that the bump in price and added delay to be kind of offensive. My point was you made this deal and we accept that, now you want to bump cost and add delay...be honorable and keep your word. Call me old fashioned, I guess.

Having ZERO news feed on the desk has not hurt results, so yeah.

Dan



xplorer View Post
They used to charge 20 GBP/month on Talking-Forex.com, which was owned by Ransquawk and marketed as just Forex but essentially had most of the global market moving events covered (such as Treasuries, NFP, CL, etc.) anyway.

It used to be real-time audio at that price, which was very reasonable IMO. Then it all changed so I cancelled.


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wldman View Post
My point was you made this deal and we accept that, now you want to bump cost and add delay...be honorable and keep your word. Call me old fashioned, I guess.

On that basis I'm old fashioned as well then, given I gave them the when they changed the terms.

I found it useful for certain releases such as EIA for CL or NFP for the treasuries or DXY especially when the release was way off the expectations, then one could make an informed choice as to get in or not. Adding delay to the releases killed that model.

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  #9 (permalink)
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TTN has been very difficult to deal with. I did a “free trial” by going through my LinkedIn account. I then signed up through my futures introducing broker, Stage 5. Now TTN is essentially suspending me for 3 months because I signed up with Convergent and that automatically comes with a subscription to TTN. The only way for me to have TTN for the next 3 months and beyond would be to pay for it twice.

This is the notice I received from Convergent:

"We just received notification from TradeTheNews (TTN) regarding your account. Unfortunately, because you have a current active TTN account, TTN will not grant a new subscription until you have been 3 months clear of the existing service. If you are willing to cancel your current subscription with TTN, we will be able to request a new subscription 3 months after the date of the cancellation."

I started a free trial with TTN on 8/27/19, in the latter part of the trading day. I did this through LinkedIn.

I trade with a chat room group over a zoom session and I can hear the muffled sounds of their TTN news feed as I hear my TTN news feed. On 2 different occasions, I heard that there was a TTN news squawk on the Zoom-chat and I saw the market react. But I did not hear the squawk on my TTN news feed. In discussing it with TTN, I figured out it must have been Global Equity News the Zoom-chat group was using.

TTN was going to grant me a couple of days trial of Global Equity News (GEN) but I signed up for TTN with Stage 5 and that taking effect kept me from a trial of GEN directly with TTN. I asked for the trial through Stage 5, but TTN was unresponsive.

I asked Stage 5 about the cost of GEN and ST5 rep, Max, said I should check with George at TTN. I emailed, George called and left a voice message, I called back and left George a message and that was it – end of the hunt for GEN. So, I told Max I wanted to cancel TTN on 9/10/19.

On 9/15/19, I found out about Convergent (look up futurestrader71 on this forum -- Convergent is his website) and the smoking TTN deal they offer and signed up. Now I find out on futures.io that Morad Askar of Convergent was also affiliated with Stage 5 Trading. Apparently that connection is not strong enough to keep TTN from taking a swipe at me for some kind of perceived affront or get-over.

As far as I am concerned, I had planned to do without TTN anyway, so compared to forever, I can stand on my head and gargle peanut butter for 3 months. But, having experienced their vindictiveness, this post could still very well mean good-bye forever.

As I told Convergent and George with TTN, my email to them was practice for my post on futures.io where I see others are frustrated with TTN.

My thoughts are that relying on a news feed with holes in it is like relying on an umbrella with holes in it. With either one, you are going to get dumped on when it rains water or tweets. If you have to make-do with a spotty news service, get a TD Ameritrade account and use the Benzinga news squawk that comes with ThinkorSwim. I have Benzinga and other news services coming out of my ears, so I will get along just fine without the holier (every pun intended) than thou TTN.

I made over $2,600 on a stock highlighted by Benzinga. I went looking when the ToS Benzinga Charlie took a week off, so there was no news squawk on ToS for a week. But let's see, do I stay with TTN and pay double, or go 3 months without it for some perceived infraction, or just use whatever happens to be available when the news prima donnas decide to grace me?

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September 17, 2019


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