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Re: Electronic Trading



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> The bonds have been super fast much faster than calling your orders in
until today using ET.

Great wondering who you use?

> I used market orders and knew where I fill was but it took maybe five
minutes for the report to come back. I can't say why has been very good in
the past, btw my fills were accurate just late reporting.

My problem is that I see the price 5-10 minutes before I place the order,
and so I place the order at a reasonable mean of what is being traded.  it
will tick all around it - sometimes I'm filled exactly at my price on the
phone.  sometimes they hit the price for up to 20 minutes ticking back and
forth,  it must have hit my price at least a zillion times.  then the
dreaded un enabled phone call comes, of course I'm thinking it's my fill.
in a heart beat I go from glad to mad (not good for me I think, thought I
enjoy stress).

I would just like to know who the hell has been getting fills for the past
20 minutes?  with the volume averaging 1000 contracts a minute, it must have
been our federal government or something!  good and pissed by now, I go to
market.  well hell, I might as well have told them I'll give you two ticks
to stick it to me!  and have been done.   I think the guys who were kicked
outta the SP pit for front running are being retrained or rehabilitated in
the bond pit.  Yea must be one of those government sponsored deals.  Anyway
I have learned that to quote my price and give em a tick is what has been
working best.

I just hope that someday the electronic trading gets for futures as good as
it seems to be for stocks.  Last year writing covered options on larger than
usual profitable trades overcame the slippage I experienced.  But I guess
I'm like everyone else - I wanna do better if I can.  mb