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The major difference between IB and PMB is...
PMB is using a web browser interface that IS NOT real-time. Delayed by how often you
refresh the screen or it refreshes the screen. Interactive is an actual interface
that has a ticker and operates in real-time. PMB, doesn't have a ticker and when you
place an order, you have to wait for one of your Netscape (IE) windows to refresh so
you know that you are in the trade. I think the key issue is that PMB is simply an
overlay to Interactive. They have a full-time dedicated feed to IB (Timberhill) and
when I place an order through them, they send it out on the wire to IB...
When Cubs/Tops goes down, IB does not. As far as I know, Interactive Brokers, is the
only electronic ordering system, in which your orders sent, go directly to a floor
trader who has an eletronic hand-held unit..period. There is now routing desk or
outages. They only way in which there could be problems, is if the floor traders'
hand-held unit's batteries fail.
I have used both system and there is no question that IB is the best. Only real issue
is the cost.
Hope this helps you!
Jay Becker
MBT Financial
Lamont Cranston wrote:
>
>
> 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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