|
PureBytes Links
Trading Reference Links
|
Earl,
PMB is an agent/IB for the Timberhill service. They also have their own web based
system that is similar to LFG's LEO. It is reportedly much more reliable what what
I have been able to determine from asking around. The difference in LFG and PMB is
that PMB is html (web pages) based and LEO is not. Both claim the same time for
entering and getting filled, with PMB claiming an average of 10-15 secs for a
confirmation and reporet back with a filled price. The other more important thing
is the reliability of PMB is reported much higher. Also, PBM has a discount group
called PDS -professional discount services, and they can do the same electronic
services as PMB but not the more broker assisted things. (built in competition).
Say you saw the PDS web site and they will give you the rate of $15.70 - all
inclusive - no matter # of trades. The rate is in the back of Futures mag also, so
it is no big secret.
I am in the process of getting rid of LEO and will report back in a few weeks after
m account gets transferred.
John
Earl Adamy wrote:
> I'm informed that PMB, Inc http://pmbinc.com (US Futures Commission Merchant -
> no specific information regarding account requirements or commissions) uses the
> TimberHill system which was recently discussed on this list. Salient points re
> TimberHill which may or may not apply to PMB: $2m minimum account size for
> general futures trading, inexpensive e-mini only trading open to $5k minimum
> accounts, e-mini trading has no backup entry/exit system available if the
> electronic system goes down.
>
> 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
> >really on top on emerging technology and they are small enough to act on it
> >quickly. They seem to be today where the big boys will be in a year or two.
> >I like companies like this, this could give me a slight edge I'm thinking.
> >So I was wondering if anyone is using this service or a similar service? I
> >would really like to hear from someone who is using their service on the
> >German markets to trade the bund. If there are some stateside users as
> >well, how are the SP's and the Bonds?
> >
> >
> >Mark Brown
> >
> >============================================
> >Your mouse has moved. Windows NT must be restarted
> > for the change to take effect. Reboot now? [ OK ]
> >============================================
> >
|