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This topic has been viewed 752 times and has 2 replies

GPuglisi
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UNITED STATES
Joined: Feb 29, 2004
Posts: 1
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Universe Creation

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Is it possible to create a Universe or restrict buying to a given set of issues. I would like to work on a system that trades a small number of ETFs.

Thanks,
Guy

[Apr 16, 2004 3:34:37 PM]

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fier
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UNITED STATES
Joined: Dec 14, 2003
Posts: 39
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Re: Universe Creation

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One thing you should consider in trading/investing in ETF's is that they are baskets of stocks and not stocks. ETF's do not have fundamential data. Since P123 Ranking Factors are focused on Fundamentals and not TA, ETF's are not aligned with the "power" of P123.
At some point Fundamentals could be created for ETF's but it would be a lot of work and overhead for any data service that did so, IMHO. Hope this helps?

[Apr 17, 2004 8:14:24 AM]

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righthe
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USA
Joined: Dec 16, 2003
Posts: 3
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Re: Universe Creation

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I was going to ask the exact same question.

I'd like to be able to rank for example only the componets of the Nasdaq 100 for example or the S&P 500

Would this be easy to implement Marco?

[Apr 17, 2004 10:13:55 AM]

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