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Thanks ITguy! Sorry to make you do all the work... we're all gonna owe you dinner sometime for your efforts.
Looking forward to Thursday!! Understatement.
Unfortunately, I won't be at the SH meeting due to important obligations at work. I really wanted to go, as I'm only a few hours away by car, but alas, the timing was just unfortunate.
Hope everyone has a good time.
Last year they posted slides of their presentation online somehow, maybe here. If someone can do that again, that'd be greatly appreciated.
Peace to all.
Gbathat
I'm hoping tomorrow's presentation is more of a formality for a deal that is already on the verge of being inked, since SFB has an intimate relationship with members of FIF and since SMCC has been developing the system based on feedback from the industry all along.
Just my hope.
How sweet would that be to get a contract announcement tonight or tomorrow morning?
Peace,
Gbathat
We'll just have to take a picture at the shareholders meeting for proof :D
Not sure if I'll be there yet. Work schedule is not working out well right now.
gbathat
I think ITguy mentioned that he'll go over the questions not addressed during the meeting while at dinner with Paul.
I also think the shareholders meeting is a forum for the shareholders and so the questions are good, though we have no way to know if the people on this board posing some of the questions are actually shareholders.
very interesting peeved
i did not find any mention of Spooztoolz on the website www.hedgestreet.com , but many of the ideas there sounded very iceburg like
--------------
HedgeStreet® is the first Internet-based, government regulated market where traders can hedge against or speculate on price movements in currency and commodity markets. HedgeStreet significantly expands the investment, risk-hedging, and profit-making opportunities available to traders at all levels.
HedgeStreet's site www.hedgestreet.com enables members to trade small, inexpensive, easy-to-understand binary option contracts in forex and commodity markets.
HedgeStreet offers its members new profit opportunities and strategies as well as more cost efficient and direct hedging mechanisms. Leveraging the Internet, a highly efficient trading platform, and expert financial instrument designers, HedgeStreet offers the variety of contracts necessary to empower private individuals to manage the particular risks they face. HedgeStreet currently offers contracts in currencies and commodity markets. HedgeStreet plans to introduce new products and make available new markets on the HedgeStreet Exchange throughout 2008. HedgeStreet members have access to a complete trading system including order entry, market depth, historical data services, cash accounting, and position reporting.
HedgeStreet is a secure, fully-transparent marketplace, subject to regulatory oversight by the Commodity Futures Trading Commission (CFTC). HedgeStreet, Inc., which owns and operates the HedgeStreet Exchange, is a wholly-owned subsidiary of UK-based IG Holdings Group plc and is headquartered in Chicago, Illinois.
---------------
jmo
thanks,
gbathat
God grant me the serenity to deal with the things I cannot change; courage to change the things I can and should; and wisdom to know the difference.
I hope we won't have to ask it! I expect they will discuss it in detail during their presentation.
on a somewhat positive note, my Scottrade shows 344 on the bid (.0002) vs 3 on the ask (.0003)
is that a typo?
edit: update; and my delayed L2 is showing bids at .0005
http://partners.microcaptrade.com/export/level2.jsp?symbol=spzi
God grant me the serenity to deal with the things I cannot change; courage to change the things I can and should; and wisdom to know the difference.
the critical question is-
"how close are they to generating significant revenues?"
was this recent run up in o/s just a temporary patch (not a small one, mind you) to clear the last hurdles? or will it be sustained?
I wish I could tell you the answer. The recent PRs sounded great to me. But they did not really answer the critical question above.
so could the mm's just be zooming shares back and forth to make the volume appear higher than what's happening in the real market?
anyone buy shares today with any luck? did you get filled right away?
not sure if posted already, but o/s at 2.763 billion as of this morning
http://events.sifma.org/conf_vendors/allVendors.aspx?CID=107
I don't see Spooz, SFB, or SMCC on this list of vendors/exhibitors...
this is getting exciting-
How will SMCC announce at this event if they are not in the panels or exhibits? Must be some sort of private meeting taking place on the side...
I don't know, but I'm really looking forward to next week!
gbathat
God grant me the serenity to deal with the things I cannot change; courage to change the things I can and should; and wisdom to know the difference.
program for SIFMA conference on June 10-12
http://events.sifma.org/2008/107/event.aspx?id=530
note the session on symbology... no sign of spooz/sfb or any other potential competitors that I can see
Perhaps Spooz/SFB will be exhibiting there?
-----------------------------------------------------
Symbology – What You Need to Know
Madison Suite, 2nd Floor
Moderator
Manisha Kimmel
Executive Director
Financial Information Forum
www.jandj.com
Mark Baumgardner
Vice President Business Development
The Options Clearing Corporation
www.theocc.com
Michael Mollemans
Senior Vice President, Head of Electronic Execution Sales
Daiwa Securities America Inc.
www.daiwa.com
Ed Obuchowski
Vice President Market Data Solutions
Charles Schwab & Co., Inc.
www.schwab.com
Proposed changes to equities and options symbology will require significant resources on the part of industry participants and will impact systems across the entire trade process. The session is intended give participants an opportunity to explore implementation approaches and highlight open issues. Exchange Symbology Plans and the Options Symbology Initiative will be discussed.
God grant me the serenity to deal with the things I cannot change; courage to change the things I can and should; and wisdom to know the difference.
Thanks Allie... glad to hear it.
I found them because they sponsored one of the recent FIF discussions/meetings on symbology and had a presentation there.
the competition
anyone able to translate this??? sounds kind of vague to me
http://www.bluephoenixsolutions.com/?pageID=465
the competition
anyone able to translate this??? sounds kind of vague to me
http://www.bluephoenixsolutions.com/?pageID=465
It's all coming together now.
The way I see it, the latest PRs have re-energized the Spoozcrew. We have our iceburg folks. The August 2007 references speak particularly well for the company, as that was the time business plans started to be adjusted, much to the dismay of many. I think they decided to put Spooztoolz out there once the SFB collaboration was/is established with the software to boot.
Let's keep in mind this software would/could save the industry "billions". There are changes that need to be made, and Spooztoolz could be an intergral part of the solution. To me, that is an extremely exciting market opportunity. How much will Spooz/SFB charge? Who knows. Maybe they'll save the industry billions and take 1/2 a billion for themselves.
I'm going to do some research on the FIF conference and potential competitors, but my gut is telling me we're gonna have the edge here.
For me, it may be time to buy again. Yeah, yeah, we're all mad about the pps and possible dilution. But let's face it, most of us bought in to a trading software company, not a transaction based software that will perhaps facilitate the virtual exchange of the future. I think the Spooztoolz revenues will still come, but I think they might just be a part of the bigger pie.
Just my opinions.
Gbathat
God grant me the serenity to deal with the things I cannot change; courage to change the things I can and should; and wisdom to know the difference.
Something that will save the industry billions will definitely have some value- we won't be just giving something away! This is huge newzzzzzzzzzz!
have a good day everybody!
gbathat
Please erase post number 50704. It is a stupid post and a waste of time.
Please erase this one as well.
Hi Gecko, I wrote this to show that not everyone on this board shares the same opinion as you and how it is annoying for someone to refer to your contribution as stupid.
Please don't take my satire too personally.
God grant me the serenity to deal with the things I cannot change; courage to change the things I can and should; and wisdom to know the difference.
Thanks mtncabin.
Lots of positives and still many questions. My hope is that the apparent delays in releasing STv2 are actually intentional, perhaps keeping the software close to let some of these other program areas develop without the threat of competition that may emerge when STv2 is used by many.
I've been thinking a lot lately about the current state of the company and yes, the current pps. Here are some thoughts to mull over and debate and bash.
1. I'm pretty Paul once said that the company would dilute if it will bring added value to the company above and beyond that promised in previous PRs/communications.
2. Our O/S has climbed significantly.
3. We have recently been informed of one of many new parts of the business plan (not to mention previous announcements about algoserver, etc)
4. The company is now potentially much more valuable than before.
5. Could there be other projects in the works that we do not yet fully understand, justifying dilution even further?
6. Is the current slide in pps really just a great buying opportunity?
Time will tell. I'll be gone this weekend but look forward to reading this discussion Sunday evening...
Peace,
gbathat
How is the company currently being financed and how will it be financed in the future?
When will we learn the details about Spooztoolz users and associated revenues?
you can only ignore 5 at a time.
go to Tools and modify your settings in the Ignores section
gotta keep up to date as some tend to create new names all the sudden... i.e. those people who just join the board and after two posts are citing events from last year repeatedly
:D IW,
You've got me. Clearly by my posting history I am a paid pumper. I only say positive things. I am really just a cheerleader.
Give me an S! Give me a.. okay, that's enough
Have a good weekend,
Gbathat
2.575 billion on the o/s as per olde monmouth
still still climbing since i last reported it here about two weeks ago when it was about 2.3 billion.
Once the dilution stops, we'll ride I think. I hope it will stop soon as my stake in the company has decreased by almost 50% since I bought in, and I don't have more money to average down.
At the end of the day, if these big plans work out, I'll be more than happy.
yeah, nicehit, looks like a good setup to me. thanks.
from investopedia.com
Introducing Broker
A futures broker who has a direct relationship with a client, but delegates the work of the floor operation and trade execution to another futures merchant. The merchant firm is usually a close partner of the IB.
Investopedia Says... This is done to increase efficiency and lower the work load for futures brokers. It allows the IB to focus on the client while the futures merchant focuses on trading floor operations.
------------
So I guess the IB would be paid by the trader in exchange for the strategy and customer volume?
I guess this would imply that their customers will be placing the orders directly via spooztoolz, then, right?
I too am confused about the business of being an introducing broker and how 141 would have functioned under that definition.
looking through Trac Data's latest quarterly report, their "other assets" (a conservative valuation of their privately held securities) are listed at $652K. The only "other asset" I could find in the document was the 15% stake in SFB.
http://www.pinksheets.com/edgar/GetFilingPdf?FilingID=5933998
If that is the case, then a conservative estimate of the market cap of SFB would be about $4.4M. That number would be based on what Trac Data feels they could get for those shares, considering potential market slides.
This is just my opinion. I would appreciate anyone else's insight, as I am not an expert on these matters.
peace,
gbathat
"it doesn't seem to me sfb is rolling in cash"
Based on what... ? They are a private company that appears to have added numerous big-name clients lately. All we really have to go on as far as I know is that in 2006, an established market data company bought 15% of SFB for $150K. In my opinion, they are probably worth a lot more than $1M by now, but I don't have any concrete info either, so let's go find some.
gbathat
"12. In May, 2006, the Company purchased a non-dilutable 15% interest in SFB
Market Systems, Inc. ("SFB") for $150,000 cash. The Company may be required
to pay up to an additional $100,000 in the event SFB achieves certain sales
projections between December, 2006 and October, 2007. SFB is a privately held
company that provides an online centralized securities symbol management
system and related equity and option information for updating and loading of
master files. The Company currently has a representative on SFB's four member
Board of Directors. The Company accounts for its investment in SFB under the
cost method, and is included in other assets in the balance sheet as of June
30, 2006."
http://sec.edgar-online.com/2006/08/11/0000922811-06-000018/Section12.asp
allie,
this is starting to sound like the ebay for the rich idea once mentioned in these parts... yeah?
"OCC operates as an industry utility and receives most of its revenue from clearing fees charged to its members."
Nice observation Bird...
I think today's PR may be bigger than we realize. This is taking me back to the good ol days when we would get a PR and it would take us a few days just to digest it fully.
Even if this spinoff isn't the world's biggest cash cow, and I really don't know how to gage the potential value of it- I guess spooz would get transaction revenues for each new symbol a user creates- today's PR tells me one thing...
Spooz is the real deal. We are seeing an industry player with a cornered market turning to Spooz for help in adressing the needs of the future.
All I can say is, let's ride amigos. Just my opinions.
Peace,
Gbathat
"We were impressed with SFB because it is a unique company--its software solution generates and maintains all option strike symbols, prices, and codes for all of the U.S. options exchanges and has been doing so since 1994. SFB works with all the exchanges and has just signed new five-year agreements with BOX, CBOE, ISE and NYSE Group. With the current explosion in options data and the continuing changes in the options world, we think SFB is well positioned to continue growing," said Marty Kaye, COO of Track Data."
http://www.redorbit.com/news/technology/545373/track_data_announces_investment_in_sfb_market_systems/index.html
Looks good to me!
anyone have a recent o/s count?
tia
gbathat
http://www.vcapfx.com/cax-trading-requirements.asp
Requirements
CAX is offered exclusively through vCap FX. Our clients utilize proprietary quantitative trading strategies that involve probability forecasting, multifactor modeling, artificial intelligence, and other logic methods to execute transactions through CAX. Due to the sophisticated nature of our clients and their needs, vCap FX qualifies each of CAX potential candidates diligently in order to insure the best possible fit between the candidate and CAX counterparties.
In order to take advantage of CAX 's large liquidity pools, tight spreads and competitive pricing structure, please fill out our CAX Request Form. Institutional clients must meet the following requirements:
* Must qualify as an ECP ("Eligible Contract Participant"), per CFTC regulations
* Volume requirement of $500M USD per month in notional value
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not an announcement, but not bad imo, and be sure to check out their account application requirements... high rollers only
http://www.vcapfx.com/cax-advantages.asp
CAX GUI
CAX is front-end "agnostic" and currently offers multiple GUI solutions with ChoiceFX as its primary interface.
ChoiceFX offers robust stop-loss functionality, stop-limit order manipulation, historical price data, market, limit and 3 distinct types of stop orders, as well as trailing stop functionality, an ability to trade one currency at a time or a number of them, ability to view charts and news to be enable a user to make more informed decisions; numerous ways to look at the account data, such as currency exposure, open order, pending orders, as well as others and back-office tools. ChoiceFX is also MetaTrader & MetaQuotes price gateway ready.
PATS, NinjaTrader, SpoozToolz are scheduled for future roll-outs in mid 2008.
Posted by: mtncabin
In reply to: None Date:3/17/2008 2:46:34 PM
Post #of 49339
I e-mailed Paul last friday and I got this response today along with his request that I post it on I-Hub:
Hello Paul,
It has been a couple of weeks since I e-mailed you. Thanks for the past responses; they are greatly appreciated. I have a few questions that I hope that you can update me on:
1. How is the implementation going in Chicago.....on plan, ahead of plan, or behind plan? Also, how many firms are involved? Are you picking up the pace?
The implementation is going much better than anyone expected. SpoozToolz has been up and running for weeks without a single glitch. Over 500,000 trades have been placed through the system and there has not been a single error, crash or performance issue. Sometimes it pays to wait until the team is confident that the product is robust, resilient and reliable. The great Jesse Livermore once said, “I have made far more money by waiting than I ever did by trading.” We are as excited about SpoozToolz as we have ever been.
There are four firms involved in this initial deployment that represent the derivatives markets, that is, futures and options on futures. We are currently addressing the Forex side and plan to announce a new strategic relationship soon that involves multiple liquidity pools and clearers. This is also the case with the equities markets, so the answer to your question regarding “picking up the pace” has more to do with execution of multiple asset classes than the number of customers.
not sure what that even means... what is the difference between acquiring and achieving significant interest?
what about SpoozChartz? Didn't that come out in January?
There should have at least been some revs tied to that I would think, unless not a single person kept using it beyond the trial period.
Wasn't IW using it?