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>Phil,
>
>The markets exist for the members to try and part you with your cash - the
>exchange nor lfg are concerned that orders are in the system and maybe you
>can't get out of a trade. I have spoken to CME and CME London - their take
>on whats happening is so far from whats required that IMO they will never
>get it right - other more reliable trading platforms for other stock index
>futures will gain at the CME's loss -
>
>I even had lfg order desk asking me to fax them a copy of an email during a
>fast mkt sent by Charles Starnes (their boss) and this is while I'm looking
>for a fill !
>
>I still havent had a reply from the CFTC regarding the CME's liability for
>system failure last Thursday. I find it amusing that the Chairman of the
>Exchange was quoted as saying that "there was a seemless transition" to
>standing down the new system on Thursday night/Friday morning when Globex2
>{blew up} on Thursday last and the emini was being traded in a makeshift
pit
>with no phones - probably by the janitor - however gauging by the criminal
>differences in pricing with the full contract I dont think so....
>
>
>
>>Haven't traded for weeks. Everytime I think about it there's another
>>problem with LeoWeb/Tops/CME/whatever. But this morning there was a signal
>>I couldn't ignore. Leo seemed to be working fine so I entered my limit
>>order and sat back.
>>
>>A little while later TS goes "beep - your order has been filled". A minute
>>after that I get the fill report. And the very second this happens this
>>email shows up:
>>From: support@xxxxxxxxxx
>>To: <logical@xxxxxxxxxxxxx>
>>Subject: E-MINI PROBLEM
>>Date: Fri, 2 Oct 1998 08:59:58 -0500
>>X-MimeOLE: Produced By Microsoft MimeOLE V4.71.1712.3
>>
>>Temporarily, because of a pricing problem with the E-Mini process at the
>>CME, we are alerting you that STOP orders will be "Rejected at Firm's
>>Request". As soon as the feed is fixed we will once again be accepting
>>STOP orders. In the meantime, we are accepting LIMIT and MARKET orders
>>only.
>>
>>We apologize for this temporary inconvenience.
>>
>>AARRGGGGG!!!!!!
>>
>>
>
>
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