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Phil,
I trade every day on PMBe and never had the problems you are talking about.
Sometimes fills are disputed, but its usually sorted out in a few minutes. I
love the direct access and have not had this much fun since I left the
floor. I've also traded on my own project A , and I found that at times to
be slower then PMBe. ( I think it has to do with the order matching). I work
for PMBe as the system trader so I'm somewhat biased but after all of the
trading I've done this is great.
Tom
PMB
-----Original Message-----
From: Timothy Morge <tmorge@xxxxxxxxxxxxxxx>
To: Phil Lane <logical@xxxxxxxxxxxxx>
Cc: omega-list@xxxxxxxxxx <omega-list@xxxxxxxxxx>
Date: Friday, September 11, 1998 9:59 AM
Subject: Re: Another LeoWeb Story
>Phil:
>
>Geesh...You guys are just living in hell with the volatility of these
markets
>AND the added uncertainty of the electronic [dare I call it] trading. You
are
>all braver than I am. Personally, I would be sleeping like a baby [waking
up
>every hour or so crying and screaming] if I was wondering about fills in
this
>market.
>
>I wish for every one of you that uses the electronic services nothing but
the
>best of fills.
>
>Tim Morge
>
>Phil Lane wrote:
>>
>> Well, it seemed too good to be true! Yesterday I did quite a few trades,
>> each one was filled within 2 or 3 seconds. Great.
>>
>> Until the moment came when I sold 1 emini (market). The price then was
>> about 98750. Didn't see a fill come back, so I called Globex to check on
>> it. "Well, we see your order here, but there's no fill. We don't know the
>> status. We'll call you back"
>>
>> Some guy called back about 30 minutes later. He put me on hold for about
10
>> minutes, then asked if he could call me back again. I went out for the
>> evening, cell phone in hand. *Strangely enough* the return call never
>> materialized.
>>
>> Anyway I came back and there was a fill sitting there, sold at 88100.
>> Evidently this market order wasn't filled for about 3 hours!!!
>>
>> It's Ok, the broker says they'll make an adjustment.
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