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I have both LeoWeb and Timberhill's e-mini workstation installed for trading
the e-mini exclusively. I had LeoWeb first and got fed up with slow response
times (5-10 seconds) and high commissions for a process which is fully
electronic. Once I installed the TH system, I never looked back to LeoWeb.
The TH system runs circles around LeoWeb in speed of fills (rarely more than
1-2 seconds) and includes real-time e-mini quotes (including b/a and size)
which are faster than any of the major real-time feeds . Commissions are
low - under $10 round turn all inclusive (providing you trade minimum of two
lots). There are some real disadvantages to using TH: larger margins, you'll
need an account with another broker for backup, limit orders only - not a
problem for those who don't buy breakouts (they have announced a version due
later this month which will accept market orders), and customer service by
e-mail only. TH is not perfect as there are occasional short service
outages.
Earl
-----Original Message-----
From: RBradshaw <magranda@xxxxxxx>
To: omega-list@xxxxxxxxxx <omega-list@xxxxxxxxxx>
Date: Tuesday, February 16, 1999 5:44 PM
Subject: LeoWeb or TimberHill?
>I would like to hear the pros and cons of these two systems for trading the
>Emini. Or any other entry system.
>
>Thanks RBradshaw
>
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