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Re: DJ vs E-Mini



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> In a message dated 98-03-28 19:35:13 EST, you write:
> 
> << 
>  >Well Hans, let me unofficially take up for the CME and Globex.  :)
>  > >I predict that that "amateur Globex playground-kindergarten" is
>  going to >continue to grow and with the startup of "globex2" (the
>  new inplimentation
> of
>  >globex based on the NSC/GL system developed for the Paris Bourse
>  will allow >market.stop limit, OCO, MIT, electronic spread order
>  entry. For those >fortunate enough to have access to the Globex
>  terminal it will allow viewing >Price book 5 levels deep (currently
>  available) and Market book (viewing all >individual orders for the
>  entire contract) > >nuf said, > >I'll be waiting. > >Jon McGlothan
> 
>  Jon,
> 
>  Would you be kind enough to direct me to your sources (web?)of info
>  for this approach? I'm already contemplating returning to
>  electronic order entry now that 2nd generation platforms offer more
>  promise & appear a bit more stable than what I've tried in the
>  past. Interactive Brokers platform allows access to many
>  electronically-accessed markets and exchanges; 

1st) they acces not only electronicall markets

2nd) I used their Interactive Trader Workstation from oct 96- feb 97
and returned it for many reocurring problems - be warned !

> however, I'm unaware  of of Price Book access at this time. 

I dont think that is as magic as it sounds - in DTB-Bunds there are
lots of nice people inserting bids and offers for 1000 !!! ctks and as
soon the market jumped away and returns to the level - they are
gone... huh ? <g>

> Who provides such a service for the small trader?

a DTB terminal - a GLOBEX terminal - its was on the future list for
the ITW at my time

>  Michael >>
> Michael,
> I received most of my info from WWW.CME.com (search under "Globex",
> but the latest info came in the form of a visit this last friday to
> the CME (kinda like a pilgrimage to Mecca :)  ) where I picked up
> additional information. The price book is only available to those
> posessing a Globex Terminal, which requires CME membership, Leasing
> a seat or an Electronic Trading Hours Permit (ETH Program)(currently
> only CTAs are eligible for this program) and the Market book which
> is currently available for the E-mini now and the Big S&P soon.
> AFAIK, electronic order entry with get you a tie in to Globex(only
> LeoWeb) but the books are only availble to those with Globex
> terminals.

yes, thats correct

rgds hans 

~~~~~
....and bear in mind 
that high reward does not come without its partner high risk !