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PureBytes Links
Trading Reference Links
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As I indicated in a previous post, the reason I decided to use E-Futures
from Futures Technology Group (FTG)/Professional Services Division of
Rosenthal Collins Group instead of LeoWeb/LFG is that their system is
designed to use the best available route at the time your order comes in so
you don't have to worry about what technology is up or down.
Again, I have no financial interest in FTG, and only provide this info to
the list in hopes that it might prove helpful to someone. As before, if you
do contact FTG (800-749-3455), ask for Daniel Bardol or Bruce Serra. I would
appreciate you mentioning that I referred you. As has been stated by others
on this list, it is good to help people that help you in your trading
business, so I just want my brokers to know that I am trying to help them
for being helpful to me.
Everyone needs to do their own homework and make their own decisions based
on their own priorities, but I found FTG well-connected, knowledgeable,
forward-looking technologically, and friendly.
Neil
| -----Original Message-----
| From: Ernest Cespedes [mailto:demoman@xxxxxxxxxxx]
| Sent: Friday, October 02, 1998 8:38 AM
| To: omega-list@xxxxxxxxxx
| Subject: Globex Problems (again?)
|
|
| Did anyone experience placing market orders for the E-mini
| this morning
| at around 9:35am? I'm using LFG (FuturesOnline), placed a market
| order to buy E-mini, waited for the fill (usually take 10-20 secs),
| waited and waited, and 4 minutes later called the order desk and was
| told that my order was rejected. The Special Notices box
| did not indicate
| a problem with the system, but LFG is blaming the problem on Globex.
|
| So, to sum up this problem:
|
| 1 - lost 4 potential points per contract
|
| 2 - Saw a STRONG (the rarely seen Gravestone Doji) reversal
| bar at 9:45,
| which I would have reversed my position to go short.
| Another lost
| potential opportunity, possibly 5-10 points per contract.
|
| 3 - LFG is blaming Globex (again!)
|
| 4 - I'm not making $$ because of these problems. Just when
| the market
| is giving me GREAT trading signals, this problem occurs.
|
| 5 - I'm pissed off as hell and seriously looking for another
| brokerage
| firm that can provide efficient and reliable Order
| Entry system. I'm
| looking for quick fills and low commissions.
|
|
| -ernest
|
|