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>Unfortunately I do NEVER trust (anyone <g>) my datafeed (DBC /
>Eutelsat) 100% and it might have been a misprint or missed ticks, so
>had to wait for next days T&S on the CME website - checked it and my
>feed was 100% correct - so called + explained - they said they
>"investigate" - I knew there was NOTHING else they can do but to
>credit me the difference - they called back, said the fill was
>(however) at the price where they reported, but I was entiteled the
>difference and they credit $$$ to my account - not to forget they
>gave ME shit for coming back only next day - thanks.........
>
>it happenend another time - same story - some recredit - same SHIT TO
>ME - I was VERY happy - but obviouly now they realized that I watch
>out.....so had to be more carefull
>
>next 2 stops the market ran about 300 points without any reverse, I
>was READY to expect the WORST (aswell this gives every broker BIG
>leeway) - and guess what : I was filled AT my price......BRILLIANT
>(but suprised BIG TIME)
>
>then the final trade came: I had a STOP to SELL at xx1.80 - the
>market traded through the stop to xx1.40 so the stop has been WELL
>triggered without any doubt - market reversed and seconds later
>around xx2.50 one of the guys calles and said they were UNABLE and
>Im still long (implementing that they are doing me a favour) - as I
>wanted to get out, I sold MARKET, about 100 points better than the
>worst fill - I asked him how that happened (obviously that was
>positive in $ terms), he said they're guys in the pit saw couple of
>bids coming in and decided not to fill it - obviously they could only
>SEE that at 0.40 worse than my STOP price and that gamble leads to
>the other worse fills from before.
>
>Looks like *they* decide whether a stop was any good or not and
>probably in most cases, where customers didnt complain, filled it to
>the worse (not to suggest they made some $$$ out of it).
>
I think this is the problem with open outcry system which I heavily favor
using electronic pit transaction just like the Globex & others.
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Warm Regards!
Visavis
Visavis@xxxxxxx
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