DollarLink News -- April 30, 1998

Enhancements Added

Total NYSE Volume with DJI Quote

As a consequence of the two-month old decision by the Dow-Jones & Company to charge data vendors for the right to distribute the Dow-Jones Industrials quotes, the quotes that the Signal and the BMI datafeeds broadcast contain the total volume of the 30 stocks that comprise the Dow-Jones Industrials. They used to contain the total volume for NYSE.

In order to make things as they used to be, we have modified DollarLink to combine the price parts of the Dow-Jones Industrials quote with the volume part of relevant volume-specific quotes in order to have the total NYSE volume displayed as part of the Dow-Jones Industrials.

On the Signal datafeed, if you add the symbol $TVOL to your active DollarLink portfolio, then the total NYSE volume will be part of the $INDU symbol. The $TVOL is the total NYSE volume symbol on the Signal feed. The $DJ symbol will continue to display the Dow-30 total volume. If $TVOL is missing from the active DollarLink portfolio, then the $INDU quote will revert to showing the Dow-30 total volume.

On the BMI datafeed, if you add the symbols $AVSNA , $AVSND and $AVSNU to your active DollarLink portfolio, then the total NYSE volume will be part of the $INDU symbol. $AVSNA , $AVSND and $AVSNU are the up, down and unchanged volumes for the NYSE on the BMI feed. If $AVSNA , $AVSND or $AVSNU is missing from the active DollarLink portfolio, then the $INDU quote will revert to showing the Dow-30 total volume.

$DJ Lives

Due to the Dow Jones & Company's decision to control and distribute the Dow Jones Industrial Index, the broadcast quote for $DJ is identical to the $INDU quote. Since it is now redundant, Signal will stop broadcasting $DJ on June 1, 1998.

DollarLink, however, will continue to support the $DJ quote by generating it from the broadcast $INDU quote. Thus, to summarize, the $DJ quote using DollarLink is identical to the $INDU except that in the volume field it displays the Dow-30 volume whereas $INDU displays the total NYSE volume (assuming you have $TVOL in your DollarLink portfolio; if you don't, then the $DJ quote is completely identical to the $INDU and they both display the Dow-30 volume).

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