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Does PMB operate in the US S&P pits and do they use a proprietary (non-CUBS)
system? Information which I forwarded to the list within the past week or ten
days indicates that the CUBS terminals are not handheld, that there is a limit
of two CUBS terminals in the S&P pit, that the two terminals are operated by LW
and LFG, and that fills are punched into the pit terminals by a fill clerk
rather than the executing broker.
Earl
-----Original Message-----
From: Mark Brown <markbrown@xxxxxxxxxxxxx>
To: Omega List <omega-list@xxxxxxxxxx>
Date: Monday, August 24, 1998 8:06 AM
Subject: Electronic Trading and Order Entry
>The way I understand PMB to do their trades are. They receive the order
>from the web and then the order is electronically sent directly to a hand
>held device that the broker in the pit has in his hand. He looks at the
>order and executes it. Then he punches the details of the trade into the
>hand held device and its back to you. Now this may not be totally
>electronic but for the SP's and other American markets its great I would
>think. I currently do not use this brokerage firm, but they did seem to be
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