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Tom:
That's good to hear. PMB is one of the firms I would look at once Globex II is
up and running and I hope they are everything I have heard and more.
Best,
Tim Morge
Tom Rehberger wrote:
>
> 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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