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> >
> > This is NOT true - I know atleast one more: ""Interactive Trader
> > Workstation"" by IAB / Timber Hill receives orders on a "hand held
> > unit" **in** the pit
> >
>
>
> Hi Hans-
>
> You seem to be knowledgable on the subject....
thanks for the FLOWERS <g>
> I was planning to go direct to the pit next week via a phone line
> call to an S&P pit person, etc.
>
> BUT -
>
> Do you feel the dial up phone/internet to this IAB might be more
> efficient in some ways?
at the time I had it (oct96-feb97) you had to have direct phone line
and they did NOT offer internet - they do in the meantime
a DIRECT phone line in the pit - as you describe - can NOT be
slower for trading !!!
I see pros + cons :
~ listening to the noise level - develop "feel" for the market
~ internet !!! delay / crash / security .... whatever
~ better bookkeeping through electronic fills and documentation
...sure there are more
> When doing this electronic trading: I wonder if maybe a phone dial
> up connection (if they offer the option) might be better than the
> internet connection 'cuz of the many things that can go wrong on the
> internet vs: a simple phone line?
yes, but I had problems with the direct phone line aswell - line
down, line interruptions.
> When using the computer to place trades I don't really understand
> the desire for an internet link in the first place...seems like weak
> link in the chain.
its cheaper - thats the ONLY one
> Do ya have a ph # or URL for IAB?
I returned the machine as for having too many problems with it
(besides my trades <g>) - AND if it has not changed cosiderable I
do NOT rrecommend it
> Thanks!
>
> Tom Cathey
rgds hans
~~~~~
....and bear in mind
that high reward does not come without its partner high risk !
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