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doug,
you are correct in all , the three minute rule is another traditional answer
from the floor to keep people from complaining about the way the paper is
treated. If you decide to take a floor broker to arbitration the arb
committee will look at market conditions and the length of time it took to
get you paper filled.
the number one reason I like to trade on PMBe is I dont have to talk to the
floor clerks anymore then I have to.
Tom
PMB INC
-----Original Message-----
From: Doug Deming <doug@xxxxxxxxxxxxxxxxxx>
To: Omega List Posts <omega-list@xxxxxxxxxx>
Date: Friday, September 11, 1998 2:19 PM
Subject: Re: Three Minute Rule
>
>-----Original Message-----
>From: jrehler@xxxxxxxxx <jrehler@xxxxxxxxx>
>To: omega-list@xxxxxxxxxx <omega-list@xxxxxxxxxx>
>Date: Friday, September 11, 1998 7:29 AM
>Subject: Three Minute Rule
>
>
>>Follow this link to read an article on the "Three Minute Rule".
>>
>>http://www.bobburan.com/3Min.htm
>>
>Snippet from Buran's site:
>"If you complain to your friendly broker about a fill you may hear a great
>deal about the "three minute rule", but in truth the "three minute rule"
has
>no legal standing whatsoever and as best as I have been able to determine
>has never been successfully used to defend a floor broker against
complaints
>brought before the CFTC. The "three minute rule" is simply not a part of
the
>rules and regulations governing futures trading."
>
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