Time&Sales? Can't believe MC still don't have this. Mandatory...
Arnie, why is it so mandatory for MultiCharts if it is provided by most broker platforms and can be running on a second screen alongside with MultiCharts? Do you just want to have all-in-one MultiCharts or broker platforms' T&S are missing something special? Just curious.
Common Henry, you know this stuff better than I do.
You know that you cannot trust a broker's feed, special IB's.
What use have you for their time&sales when all orders are aggregated?
We need time&sales data from dedicated feeds, IQFeed for example. If you cannot offer this, being MC a trading platform, from where can we get it? Well, naturally through your competitors of course, who else.
MC has chart trading capabilities, DOM trading capabilities, all tools dedicated to discretionary traders, which the majority also use T&S, most of the times, side by side with the DOM.
It makes no sense offering all those discretionary tools and forget about T&S when it's a huge part of the "set".
Just open MD's T&S and see what they offer. I confess it's not perfect, they could work on it a bit more, enhancing its options, but it's not a priority for them. Nonetheless, it works, it's capable of showing what we need.
I repeat myself once again, we, as costumers, we all want a all-in-one platform, it's our dream. We also know that it's almost impossible for this to happen since new tools are always emerging and no one is capable of keeping up with them BUT, and this is a big one
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, when you decide to offer something you need to be able to offer the all set and not only half of it.
Naturally, not every discretionary trader use T&S but the vast majority use it, especially daytraders/scalpers. For them this is really mandatory, they feel lost without it since they have no other way to see the volume traded on each trade. You cannot see all that on the DOM. I understand that you might not comprehend this if you're not a daytrader/scalper but then again, you need to understand how every trading area trades so you're able to respond to it properly.
Please don't see this talk as a criticism, well it is
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but I'm just showing you why MC needs to have T&S. Brokers feed just can't deal with it. It's you, trading platform/chart platform, that needs to offer this using a third party feed, such as IQFeed. Otherwise where can we have access to clean data?