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I am contacted frequently by "brokers" soliciting business. Could someone
explain the difference from a customer's standpoint of the above referenced.
Some of the brokers recommended on this list are from cities other than
Chicago. Would that not be a disadvantage if one were trading the S&P and
calling in orders rather than using LEO. I especially do not understand the
difference in an IB and companies who call and say they are a division of a
clearing firm. I spoke with someone with ABG Investment Group who says they
are a division of LIT. Says they specialize in direct pit access. Would it not
make sense to go direct rather than go through an IB in terms of speed, cost
etc. and does anyone know anything about ABG good or bad? I was told by
someone else that Fox in Chicago is a combination IB and division of a
clearing firm. The structure of the futures industry seems quite confusing to
me in determining how to evaluate the advantages of one over another. If
anyone could shed some light on the subject it would be greatly appreciated.
John Curry
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