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Re: Globex Problems (again?)



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I use Interactive Brokers and have for the last couple of years.  I had no
problems and was able to sell the market @ 9:43 (EST) at a great price with no
difficulties.

Jay Becker


Ernest Cespedes wrote:

> 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