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Old 03-05-2007, 11:14 AM
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TradersAudio: priceless or worthless?

Ben is a great guy but I find his service more off-putting than helpful. It's difficult to concentrate with some guy shouting at you through your PC speakers, especially when he's doing stuff like answering telephone calls. It's helpful to know what the investment banks are doing but most of the volume is through Globex not the pit so you'd be better off looking at the tape for large orders. As for pit noise this is mostly just locals shouting at each other and gives you much less information than looking at volume at the bid and ask or just tape reading. The "one of my top 10 locals is pushing lower" type comments seem great when the market then moves but half the time it doesn't. For those who find it useful how do you actually use it?

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