Stocks & Commodities V. 23:4 (58-60): Product Review: ProphetX by Dennis D. Peterson
Product Description
Stocks & Commodities V. 23:4 (58-60): Product Review: ProphetX by Dennis D. Peterson
ProphetX, a software package providing access to real-time quotes as well as news and weather, was originally built by FIMI (Financial Information Management, Inc.), and designed for fundamentalists. FIMI was bought by DTN, and recently, ProphetX has been undergoing changes to make it a product for technical analysts as well.
While real-time quotes are available for stocks, futures, and futures options, I reviewed this product using the demo version with delayed quotes. ProphetX is customized at installation to be “focused” on basic commodities, metals, or energy. I chose basic commodities as the focus, and because of that, energy or metals–specific newsfeeds were not enabled (the energy and metals feed can be added for an additional $50 a month each). Historical data is available for stocks, futures, and future options. The features that set ProphetX apart from others are the extensive news and weather reporting, and to a lesser degree, future options history. Very few vendors offer a history of option prices.
ProphetX, a software package providing access to real-time quotes as well as news and weather, was originally built by FIMI (Financial Information Management, Inc.), and designed for fundamentalists. FIMI was bought by DTN, and recently, ProphetX has been undergoing changes to make it a product for technical analysts as well.
While real-time quotes are available for stocks, futures, and futures options, I reviewed this product using the demo version with delayed quotes. ProphetX is customized at installation to be “focused” on basic commodities, metals, or energy. I chose basic commodities as the focus, and because of that, energy or metals–specific newsfeeds were not enabled (the energy and metals feed can be added for an additional $50 a month each). Historical data is available for stocks, futures, and future options. The features that set ProphetX apart from others are the extensive news and weather reporting, and to a lesser degree, future options history. Very few vendors offer a history of option prices.
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