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Activity Log
20 January 2008 Garbage In, Garbage Out; one of the good features of
StockWave is the free high frequency historical price data - to get this
we have to aggregate it ourselves from multiple sources, alas, it has been
pointed out of late that the data is getting a bit ropey due to mismatches
among the end of day and intra-day stuff - this is due to stock splits,
reverse stock splits, various adjustments, bad reads, etc and so on. Look
at ANTO and BARC for some chart-silliness.
There are tools within the program to maintain data integrity, and we could
tell you how to go about fixing things when you come across a crazy chart but
rather than bore or alienate our users ... we're going to just fix it ourselves.
To get the best available data when you open a chart go to the first drop
down menu and 'download intra-day prices from web'; this will be the best
available but if it still looks crazy then email us.
Since we are going through this lot by hand it might take while - 1.5
was to have the nifty and opentick feed support plus updated stocks
lists - but we shall have to fix this first. When we're done we'll
release a 1.42 version in the interim.
10 January 2008 Analogue signal turn-off; the UK is turning off the 'normal' TV signal
fairly soon, which means that it will no longer be possible to get share prices (cheaply!)
from teletext, thus this feature will be removed. We could investigate the possibility of
looking at the data services provided on digital TV, but we aren't going to bother, as it
seems almost all users are relying on Yahoo for streaming prices and our own backfill
service. Ho hum - it was a nice, cheap, facility while it lasted. If anyone thinks getting
data from DigiText is a good idea we might reconsider, but in the meantime, we'll be
working on other stuff.
1 January 2008 Investment Prospectus
StockWave Software Ltd invites approaches from investors and potential
business partners.
StockWave Software is a small software company based in the west of Scotland; it
is employee-owned with no debt; it has developed a highly innovative product for
stock market data analysis using a synthesis of advanced scientific techniques.
(The designer of StockWave holds advanced degrees from respected universities
and has extensive work experience in high-tech engineering and software
development.)
Our original intention was to provide scientific tools for the mass market of
private investors but up against a mature market dominated by data-feed
providers' packages and brokerage platforms, our success has been limited; a
further problem for us is that our target customer market, the retail investor,
is wedded to "Classical Technical Analysis" which he seems loathe to give up.
Commercial realities are that marketing to the masses is prohibitively
expensive requiring a dedicated full-time sales team plus support staff,
trainers, materials and advertising in print and web; although our -
relatively feature-poor, freeware Basic Edition has found approximately
10000 users, this has not proved to be a bridge to Advanced Edition (- our full
featured product) - the transfer rate is too small to be viable.
A different approach is therefore needed as alas it seems we cannot reach
the "man in the street" (- please note that this "different approach" will not
involve altering our product to meet the whims of dyed-in-the-wool
"technicians") - we intend now to market StockWave as a niche software product
to various financial experts and professionals such as quants, analysts, fund
managers and professional traders. To be convincing to such skeptical and highly
critical persons, we need to do a large-scale, statistically significant test;
4-6 months to map the sweet-spot of our advanced algorithms, and another 4-6
months to trade a typical portfolio.
Investment is thus required to purchase the necessary hardware to conduct
our tests.
What we offer - appropriately, for what is, after all, a derivatives analysis
package - is a Call Option, giving the holder the right to buy a large equity
stake in StockWave Software Ltd for a very low price at a future date. This call
option will be 'European-style' with an expiry date one month after the test
results have been presented; the option holder will get a first, and exclusive,
look at these results.
The premium paid for the call option will be used to purchase hardware; since
we have a rough idea of what we need, and the target timescale for doing this
study, we do have a ballpark figure in mind for the sum required - prospective
investors should be able to work this out themselves, but we shall not mention
any figure explicitly. We should point out that the figure required will be a
modest amount to anyone we would see as a viable investor. Any early bid which
significantly exceeds our reserve will be accepted as we want to get started
as soon as possible - otherwise there will be an auction.
Further Notes
StockWave may contain patentable technologies, although we have made no study
of this, we are confident that much of what has been done is innovative and
unique.
For the above reason we cannot go into too much detail in explaining our
ideas to prospective investors - we mention (some of) the ingredients, but not
the recipe itself; having said that, our documentation and help files already
contain as much information as we are going to provide to anyone - we would
therefore encourage any potential investor to seek independent technical
experts who can make some reasonable critical assessment of our approach.
The true value of our software may not be to private investors with their
relatively limited computational resources but to, e.g. hedge funds or other
large organisations interested in high frequency trading, statistical or event
based arbitrage; StockWave is already multi-threaded and is scalable.
Advanced Edition may be removed from sale for the duration of the testing
period, if so requested.
31 December 2007 This fruits of this year's technical development and new
features will be drip-fed into StockWave over the coming months on a bi-monthly
cycle going up through versions 1.2, 1.3, and 1.4. A 2.0 release will be made
6 months later. Advanced users will be afforded free uprades through 1.2 to
1.4; 2.0 will be a new product requiring a separate license, although existing
users will have 50% discount.
19 December 2007 Merry Christmas and Happy New Year! We're shutting down over
the holiday period, so see you in 2008.
1 December 2007 We found some old demo videos lying around - the quality is
not good, and they are rather large, but they could be of help to anyone who is
having trouble and is too shy to send us an email. To download these to your
hard drive, do a right-click and then "save link as".
Advanced Filtering
Random Walk
Chart Analysis
News on Chart
Old style technical analysis. Bleh.
Main Window
Market Summary
Option Prices
Portfolio
Stock Chart
System Manager
Using the built-in Help.
29 October 2007 Basic Edition 1.41 released - this is a minor bugfix version.
28 September 2007 6000 users of Basic Edition.
27 August 2007 We've fallen a bit behind on our intended
release schedule for Basic Edition 1.5 and Advanced Edition 1.2 - this is
because everyone is just back from/on/just about to go on, holiday and
those that are here want to work on the groovy stuff outlined in the
Future Plans section of the site. We shall be cracking-the-whip soon though.
Monday 16 April Get the updated datasources from
here; unzip the
file to your install directory, your old datasources will be over-written.
Any problems, send us an email.
Friday 13 April 2007 Black Friday Fun! Yahoo seem to have changed
their time formats, outputting everything in Eastern US time; fix
applied locally - updated datasource files will be available for
download on Monday; backfill will be available as usual. This brings
us neatly onto discussion of Basic Edition 1.5 - we have decided to
support the OpenTick datafeed;
if you don't know what this is, it is a FREE (- apart from exchange
fees which are nominal for non-professionals) realtime, non-delayed
tick datasource, including such excellent things as option chains and
Level 2 data. We also intend to add the "Nifty" stocks from the Indian
stock market. Advanced Edition is also undergoing a mild upgrade to
version 1.2. Release should be around the end of May for both
versions.
12 March 2007 Changes to daylight saving time in the US have caught
us out!
10 March 2007 3000 users of Basic Edition; keep the feedback
coming.
26 February 2007 Basic Edition 1.4 released; includes stocks for
Indian and Australian stock exchanges; major new feature is the Option
Strategy Browser.
1 January 2007 Spammers have started sending out emails using our
domain; please ignore any unsolicited emails - they are not from us;
we do not market ourselves in this way, and in particular we do not
tout stock market tips.
15 November 2006 Preparing Basic Edition 1.4; we have had requests
for support of Indian Stocks, so we shall we be offering Bombay Stock
Exchange BSE and Nifty stocks in our next release, as well as updated
stocks lists for all other groups, which we admit are a little
out-of-date by now. 1.4 should be ready mid-December.
1 November 2006 Basic Edition 1.3 Minor bugfix release. We now have
over 1300 users of our Basic Edition software - thank-you all, and
please do not hesitate to offer feedback!
21 October 2006 Basic Edition 1.3 in preparation. Would the people
who have been trying to download the advanced edition by pointing
their browsers at
http://www.stockwavesoftware.co.uk/download/install_stockwave_advanced_edition.exe
and variations thereof, please note that the advanced edition is
available by MAIL ORDER ONLY; it was hoped that online purchase via
credit card would be available by now, but there appears to be a real
problem with the "website guy" - it could be an extended holiday, a
nervous breakdown, or a terminal case of asshole-itis ... no one knows
- we seek him here, we seek him there ...
25 September 2006 Upgraded Basic Edition released - now at version
1.2; this is a collection of minor bugfixes and enhancements; some
controls have been moved for better accessibility.
19 August 2006 New Contact page added, as the old one was a bit too
complicated and er, ... rather crap.
18 August 2006 Installer glitches found in Basic Edition 1.1 - many
apologies folks; now fixed, but if you are having any trouble at all,
please email me direct at help@stockwavesoftware.co.uk
5 August 2006 Upgraded Basic Edition released - this is now version
1.1; new features are free streaming prices from the internet for UK,
US and EU (- NB this is 15 minute delayed), and a 'Classical Technical
Analysis' package for those of you who like that sort of thing.
Windows 95/98/Me are no longer supported - the program should still
work, but we are no longer specifically supporting these OSes.
21 July 2006 Minor visual alignment problems found on Basic Edition
when using high screen resolutions (1280 by 1024 and above); fixed.
19 June 2006 Installer program can now handle non-standard Windows
partitions - for those of you who have windows installed on your "O:"
drive.
6 May 2006 Basic Edition installer re-instated; please contact if
you have any problems with the installation process - please note that
under Windows XP you may need to have Administrator-level
privileges enabled.
30 April 2006 Added web-update for users of Basic Edition (- i.e.
'backfill' capability); this means you can now download FREE
historical intra-day price data (15 minute resolution) for use in your
analyses. This data will be updated weekly.
29 April 2006 Bug reported in Basic Edition installer; removed
temporarily.
14 April 2006 Online, at last!
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