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Phil Lane wrote:
>
> >From: <support@xxxxxxxxxx>
> >To: <accumulator@xxxxxxxxxxxxxx>
> >Subject: S&P NOTICE
> >Date: Tue, 16 Feb 1999 09:56:05 -0600
> >X-MimeOLE: Produced By Microsoft MimeOLE V4.71.1712.3
> >
> >Due to the extreme volatility in the S&P pit, our executing brokers have
> >indicated that they will only be "held" on price orders that end in "00"
> >or "50". Held means that violations of a price order OTHER than those
> >indicated will not be deemed to DESERVE a fill, although it probably will
> >be filled.
> >
> >PLEASE PROCEED WITH CAUTION!
> >
> >Charles Starnes
> >Vice President
> >
> >
>
> This is ROBBERY! Things are no more volatile than they were on Friday, or
> last week or month. Do we call the CFTC? Senators? Or just bend over and
> take it.
Phil,
Yes you are right. But when this happens switching to the e-mini more
than compensates with extra commissions versus horrible slippage.
Harry
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