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Message text written by INTERNET:omega-list@xxxxxxxxxx
>
I am looking to trade direct without calling a broker via the internet. I
discussed with my broker and he suggested I look at LEO through LFG. Is
there
much difference with these internet firms? I know there has been much
discussion about this recently but I do not know how to access the
archives. I
would be interested in this address as well.
Any web-site or publication rate these services? The market I will be
trading
will be the S&P. Any comments or suggestions would be appreciated.
Sincerely,
John Curry
<
John -
There is a lot of difference between LEO and the other systems. LEO is the
only system that has a direct readout of the trades in the pit. All the
rest of the systems go to the floor and are then signaled to the pit.
Right now, the LEO readout is on the side of the pit that handles small
orders (<20). They have plans to put a 2nd station on the side of the pit
for large orders.
I was just there on Thurs and saw the operation and was most impressed.
Now, if I can just get a decent commission rate I would switch to them.
Regards,
Paul Weston
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