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(edited) i think it will show up in the Company Info section under Estimated Market Cap which currently says ~$108M as of Dec 24th, when the pps was around $0.30 ... I don't recall noticing that before, but I just prob missed the discussion here
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=xxis#getCompanyInfo
let's see, that would put our o/s on the 24th of Dec at about 360 mil if I'm doing the math right in my head...
sounds like the estimates were in the ballpark as of that date
nice! 1 million error-free trades! sounds like the rate is ramping up, no? we were at 500K not too long ago... this is really exciting.
and great insight on the need for secrecy imo. never easy for a startup to get an idea out there w/out the sharks jumpin in at the smell of blood.
I'll go if I have no major work conflicts.
Good advice MC;) thanks
either way, the fact that a company that caters to such high rollers is writing their apps to work with Spooztoolz is a great sign to me. Surely a company like that would be highly selective in terms of the platforms they work with.
all in my opinion.
Holy moly check this out...
http://www.caxforex.com/demo.html
To qualify for CAX FOREX, 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
* Must trade a minimum of $500K USD per click
* Must open account with a minimum of $250K USD
--------------
talk about some fatcats using this service... could this be related to the ebay for the rich idea Paul once mentioned?
very interesting MC...
I was trying to find some of their institutional clients but no luck... if we could find their clients, perhaps they are the one's requesting the spooztoolz adaptation...
still liking this one... http://www.caxforex.com/technology.html
CAX provides the following advantages to our institutional clients.
Customization of Liquidity Providers
CAX has the ability to customize liquidity sources on an individual user basis to accommodate various trading strategies.
CAX API
CAX offers easy access to FIX Connections for algorithmic, black box and automated traders. By connecting to the CAX API, you can reduce the technology constraints of having to connect into multiple banks and ECNs into an internally developed black-box system. CAX has a programming team that can provide technology assistance to your institution in getting connected to the CAX API. For API specs (C++), please send an email request to sales@vcap.com.
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.
still liking this one... http://www.caxforex.com/technology.html
CAX provides the following advantages to our institutional clients.
Customization of Liquidity Providers
CAX has the ability to customize liquidity sources on an individual user basis to accommodate various trading strategies.
CAX API
CAX offers easy access to FIX Connections for algorithmic, black box and automated traders. By connecting to the CAX API, you can reduce the technology constraints of having to connect into multiple banks and ECNs into an internally developed black-box system. CAX has a programming team that can provide technology assistance to your institution in getting connected to the CAX API. For API specs (C++), please send an email request to sales@vcap.com.
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.
interesting conversation
I had an interesting conversation this weekend with someone who has been trading professionally for about 12 yrs in Chicago. I had mentioned Spooztoolz to him about 3 months ago, and he has asked around his circle of friends to see if anyone knew about it. He said no one that he talked to had any info on it. He also said that if they did, and they thought they could make money with it, they probably wouldn't tell him! That gave me a sense of the competitive nature of things in that arena.
He was however very impressed about the 500,000 successful, error-free trades and said that in itself is a huge selling point. His company/group is currently working with a new system (beta testing, first month is free), and he said that one of the higher ups in his company spends most of the day on the phone with this software company working out problems. I guess they're having issues with the server getting backed up and thus trades not being executed at the opportune time, opening them up to substantial risk.
Anyhow, after the conversation, I was even more excited about Paul's recent email and the future for Spooz.
Peace,
gbathat
maybe Paul has bigger milestones to worry about, jmo
those numbers are based on swarm, not stv2, and spooz isn't doing the trading, but still an interesting analysis... thanks
500,000 trades divided by 15 days divided by 25 trades per day per cpu yields...
1333 cpu's
now, i just made up the 15 days (paul said weeks) and the 25 trades per day (SWARM did 20.3 trades per day during testing), but even bending the numbers, the launch seems quite substantial to me.
just my opinion
Great info! thanks.
500,000 trades, no errors... gotta love it!
time to scrape together some cash for this discount share sale... imo
peace,
gbathat
(edited) fair enough BB
so we've been sliding on pretty high volume for a while now... any thoughts on the source of shares? the o/s has been staying steady... could we have old restricted shares hitting the market? what types of sellers are we talking about?
tia
Overall, news has been pretty good imo... still anxious to hear some concrete info on the state of spooztoolz though (how many users, deals, etc).
peace,
gbathat
Will there be a shareholder's meeting this spring?
i don't know how old that info is, hence the question
anyone know how to figure out how old this is???
http://www.gobignetwork.com/profiles/Paul-Strickland.aspx
tia
For those wanting to update their ignore list, just go to tools and then click the My Ignores tab. You can take past people off the list to make for the new ones... I don't have to tell ya who!
http://www.unwin.com/
Unwin Technology Homepage
Great news!! Attention Spoozers, we've gone international... in an efficient and clever way I might add.
Looks like the pieces are falling into place on the spooz board... almost time to grab a good chunk of market imo!
o/s 1,593,619,587 per old monmouth as of 2 minutes ago
there is also a larger portfolio of products, imo, than there was before.
Had anyone who saw the demo last year heard of the dashboard or the algo server? To me, these were new ideas. I do not fully understand their market value, but they sound pretty interesting and unique.
gbathat
I'm not too worried about it... Paul did compare the speed of STv2 to Xtrader in his November presentation, probably not something you would do to a partner.
I think STv2 still has an edge, but the general concept is out and I know there are some competitors emerging. However, I am very impressed with the infrastructure being established by Spooz. The dashboard, etc, is more than what we were expecting, is it not?
imo, no TT deal other than access to the gateways as per the PR from last year. please see my post from last week entitled Gbathat under cover.
perhaps there is a deal that is being covered up for the time being, but I did not get that impression from my experience in the TT Xtrader user forum.
I think spooztoolz will access the TT gateways, but I think TT's Xtrader will be our competitor.
This is just my opinion.
I think there are definitely other potential partners out there though like Calyon, for instance.
good luck to you.
Gbathat
i hope we see something like this with Calyon-spooz sometime in the next few months...
http://www.tradingtechnologies.com/news/050628_CalyonAgreement.pdf
nobody yet
initial o/s estimate was 300 mil, based on conversations between alliecorp and spooz, but no firm numbers yet
i think the a/s was set at 2 bil, but can't remember where that number came from
so, should can we read this "one per week" "thereafter" or "one" "a week thereafter"
I tend to read it the first way, which means trading record, right? That would be great.
nice! thanks for sharing.
"it is launching operations."
I hope this involves some trading!
Good to hear an honest update. I also like the tone of the PR... it is not too fluffy. It states things pretty matter-of-factly and openly acknowledges the organizational problems. Definitely not a PR that is trying to win over new investors, just an update for the base.
have a good day all.
gbathat
Gbathat under cover as an Xtrader user... some interesting info imo
http://forums.tradingtechnologies.com/showthread.php?p=1272#post1272
I also got a pm from a TT board member expressing a lot of curiosity about STv2 and when it will be available for retail.
I'm hoping it has begun already, since a trading record is required to get approved to trade other peoples' money, which seems like the course.
A trading record plus weekly updates would be dynamite. But I'll take anything so long as it's green!
excellent, that is what I was hoping... thanks Chris
old but interesting...
http://rg440.com/
don't recall seeing this before... Tom Opper connection
yeah, I agree with you there. most of my emails get the response... "please wait for future PRs". though Paul is getting so busy these days, I think it is hard to get much out of anyone. I'm really looking forward to those pr's.
sounds great! thanks for the update.
so they need this clearance just to trade their own accounts?
tia
gbathat
This is sounding familiar...
http://www.tradingtechnologies.com/connected-program.aspx
Overview
The TT Connected Program designates TT Connected status to third party software vendors that connect their trading solutions to TT's high performance exchange gateways via FIX Protocol or the X_TRADER® API. The program meets the demands of today's dynamic trading industry by offering a broad array of innovative, seamlessly integrated trading solutions through strong relationships.
The TT Connected Program aims to create lasting business value for firms through:
* Rapid deployment of trading solutions built on top of proven TT technologies
* Increased product awareness through a variety of marketing and sales initiatives
* Extended reach to new customer segments while solidifying the current base with TT technologies
TT Connected Solutions
Products and services marketed by firms mainly fall into the following categories:
* Algorithmic Trading
* Automated Trading
* Back/Middle Office Processing
* Consulting Services
* FIX Engines
* Integrated Trading Front Ends
* Order and Execution Management
* Risk Management
Benefits
Benefits to TT Connected firms include:
* Unlimited 24x7 free access to TT's development environment
* Free conformance testing service
* Free development support
* Single point of contact for project management
* Visibility on the TT web site and in press releases and promotional materials
* Use of the TT Connected logo
* Access to TT global direct sales and marketing resources
okay, last hypothesis, perhaps there is a component of Xtrader that can be used specifically to acquire real time data and will be compatible with Spooztoolz.
http://www.tradingtechnologies.com/xtapi-rtd.aspx
not sure if this is the RTD referred to, but probably something similar...
Access Market Data in Microsoft Excel®
Microsoft introduced a new worksheet function in Microsoft Excel 2002 called Real-Time Data (RTD). This function allows users to call a Component Object Model (COM) Automation server for retrieving real-time data into Excel. RTD provides a more stable and efficient means of importing real-time data than DDE/OLE links.
To take advantage of the speed and reliability improvements offered by RTD, the X_TRADER API includes an RTD server for accessing live data within spreadsheet applications. The X_TRADER API RTD Server provides an efficient means of accessing real-time data in Excel, including market depth, orders, fills, instruments and P&L. Simple formulas are all it takes to request live data directly from the TT gateways.