Favorite Futures: Currently European and US equities
Posts: 432 since Dec 2013
Thanks: 221 given,
I've looked at this vendor again recently and their software primarily reflects T&S activity in various forms on the chart. With trade management features and additional materials, guidance etc. Essentially as any form of tape reading out there it takes a lot of individual effort to garner value from. For me that's a likely reason for the variance in feedback from those who've dealt with them.
What initially stands out to me is their website claims that dom trading, technical trading, and tape trading are inherently flawed (paraphrased but that's the gist), when from what I've seen the software and technique employs at least two of those approaches. So I paused for thought at reading that, that's probably just a bit of marketing to convince newbies to buy it but surely doesn't make sense to anyone that understands what they're selling here. However, that aside there are some decent tidbits on their website for free regarding some basics that would be useful to new traders to read that I've not seen many other places for new traders. Always good to check out vendors even if you don't end up using them I think.
Regarding the product offering I'm sure there's some value in the training techniques offered that could be carried over to non-treasury products (as others here have queried), as I'm 100% certain there are plenty of successful tape traders in those markets. With this being a tape based tool for me making it work is about time at the terminal, that goes for whatever tape tool you use.
So bottom line I think what is taught likely has value but I think the software is trying to reinvent the wheel, and I'd not buy this tool myself as in terms of cost I don't think the product nor training would justify a recurring fee and as others have noted there are alternatives. Me I'd prefer a good old fashioned ladder any day.
The following 2 users say Thank You to sands for this post: