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LFG is a pretty scummy house to begin with and their LeoWeb is pretty
unreliable - to get your fills back in 30-40 sec maybe 10% of the time
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> From: TomKochik@xxxxxxx
> To: omega-list@xxxxxxxxxx; Michael Stewart <MPST@xxxxxxxxxxxxx>; BRIAN P
KING <KING68@xxxxxxxxxxx>; hans esser <he96@xxxxxxxxxxxxxx>; Barry Burgess
<BarryJBurgess@xxxxxxxxxxxxxx>
> Subject: Electronic Orders Entry ...
> Date: 11 August 1998 07:55
>
> Dear Fellows Traders,
>
> I happened to read a couple of postings about the computerized (
electronic)
> orders entry such as for example: LFG's LeoWeb. Since I ve heard many
very
> different approaches and opinions, so before I go life with LeoWeb in 2-3
Days
> I would like to hear and review Your opinion about the Advantages and
> Disadvantages of LFG's LeoWeb electronic order entry. Please, if You have
any
> view or opinion to share - do so, so that everybody could express theirs.
>
> I am planning to activate me LeoWeb life within couple of days to trade
S&P
> 500 Futures Index, but I am still full of doubt about that decision. I
have
> also heard that sometimes I would have to wait for the fill many minutes
(and
> longer?)
>
> When I called LFG, guys from there told me that on average I would get my
> fills back within 30-40 seconds.
> Just to mention here that I always try to get in ON A LIMIT so it gives
me
> some kind of security about the fills but again do You think if the
market
> goes through my limit price with ONLY 1 TICK I can assume my order to be
> filled? What is Your experience on this one ?
>
> How about using OCO orders through LeoWeb ? Can you use them or they are
not
> reliable and brokers would often forget to cancel them ?
>
> Also what is your opinion on the E-mini - I have heard so many positive
> remarks as negative. I have got confused.
> There are so many questions about the electronic order entry software.
>
> Could You make a statement about this matter please ??
>
> Thank You and wishing You Fast and Reliable Fills.
>
>
> Thomas ,CA
> Email: TomKochik@xxxxxxx
> Phone 310/ 471-8407
> FAX SAME
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