New York Markets-Comments

[janderson3.at.CSOMSTUDENkkkkkkkkkkkkkk (janderson3)]

     Hello all,
     
     This is in response to a thread on this list about a month ago 
     regarding the honesty (or lack thereof) of floor brokers and traders 
     on the New York exchanges.
     
     Last week, I received a terrible fill in OJ.  I was attempting to sell 
     5 JON8 at 98.00 on a stop, but was filled at 96.40.  Of course, I 
     complained to my broker, who will remain anonymous.  The broker was 
     sympathetic, but refused my request for credit, and attributed the 
     large slippage to the "New York markets."  Specifically, the manager 
     of the particular firm with which I trade stated that he always 
     recommends to customers that they "steer clear of the NY markets, as 
     they are full of crooks!"  That is quite an endorsement, I must say.
     
     I hope that others will find these comments interesting, especially in 
     light of the comments last month on the same subject.  
     
     Jay Anderson