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Jay Becker wrote:
>
> We have Interactive Brokers setup with accounts from Jack Carl and EDF Man (as
> our clearing house). This setup, however, costs us about $900 a month, flat fee
> (commission fees are deducted from this charge).
>
> We do have the ability to offset an order if the electronic goes down, or if
> Globex goes down (for Mini's).
>
> I will say again thought, that for regular S&P's, IB has the fastest, easiest
> and most realiable electronic ordering system, hands down. We have checked out
> other systems, including PMB (which is their interface, using Interactive to
> execute orders).
>
> Jay Becker
> MBT Financial
>
> Ernest Cespedes wrote:
>
> > I looked at Interactive Brokers and like the price ($9.40 RT
> > including fees), but they don't offer phone orders as a back
> > up in an event of system failures (ie. internet, data feed,
> > computer problems).
> >
> > I would have opened an account with I.B., but I need phone
> > back up.
> >
> > What do you do if your computer goes down while you have
> > an open order? I was told to have a back up account with
> > another firm to offset or neutralize my open position.
> >
> > -ernest
> >
> > -----Original Message-----
> > From: Jay Becker <jay-mbt@xxxxxxxxxxxx>
> > To: Ernest Cespedes <demoman@xxxxxxxxxxx>; Omega Digest
> > <omega-list@xxxxxxxxxx>
> > Date: Friday, October 02, 1998 9:13 AM
> > Subject: Re: Globex Problems (again?)
> >
> > >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
> > >
> > >
Jay:
If I understand your message correctly about IB, you say it is faster
than PMB? What are the differences between the two? I know that PMB is
browser based, but I don't know if it the same for IB. If IB is not
browser based then what is the difference? PMB browser based I would
have to have two computers, one for TS and the other connected to the
internet and PMB. Is is the same with IB?
If TOPS/CUBS goes down is IB down? I don't think that would be true of
PMB since they are using another method.
Your answer will be greatly helpful, since I am considering using one or
the other. I use ED&F Mann as my primary broker right now -- going
straight to the trading floor with my orders.
Lamont Cranston
"who knows what evil lurks"
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