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Goodbye brokers.
Goodbye floortraders.
Hello Computerization.
Traders+Investors+Computers
One-time yearly fee to the Exchange, with our computer tied to our trading
account that the Exchange can have total access to, to place our orders
properly within their computerized trading network.
Does anyone have a listing of all the "computer only traded" commodities and
possibly foreign markets we can all engage in as opposed to
human-floortraded markets?
TraderGirl
Join these Mailing Lists:
trader-girl@xxxxxxxxxxxxx
rogue-traders@xxxxxxxxxxx
(plug)
----- Original Message -----
From: "Robert Bianchi" <R.Bianchi@xxxxxxxxx>
To: <omega-list@xxxxxxxxxx>
Cc: <rholland@xxxxxxx>
Sent: Friday, May 26, 2000 10:07 PM
Subject: Is Timberhill ripping me off AGAIN!! =>Bring on screen trading
> Hi Keith,
> If the S&P500 was an electronically traded market, you would not have
this
> problem and you would have been filled BEFORE those locals buying at
> 1379.50. The open outcry system is NOT a level playing field and this
> S&P500 example is just another classic reason why electronic markets WILL
> bring a more level playing field for everybody. BRING EM ON!!!
>
> Best of luck,
>
> Robert Bianchi
> r.bianchi@xxxxxxxxx
>
>
> Date: Fri, 26 May 2000 15:25:17 -0700
> From: Keith <Keanjo@xxxxxxxx>
> To: omega-list@xxxxxxxxxx
> Subject: Is Timberhill ripping me off AGAIN!!
> Message-ID: <392EF9CD.3359003E@xxxxxxxx>
> Content-Type: text/plain; charset=us-ascii
> Content-Transfer-Encoding: 7bit
> MIME-Version: 1.0
> It seems that this company or exchange has some messed up rules.
> @ 2:49 est. I am filled for S&P short @ 1381.40.
> Next, I place a buy @ 1379.60 limit. It trades @ 1379.50 1 time @
> 2:53:54.
> I am NOT filled. My broker says "it only traded there 1 time, nothing I
> can do. Now, if it traded there 3, 4, or 5 times you would have a
> legitimate gripe." He tells me "Timberhill can only do the best they
> can to make a fill and that when it's trading a half wide like it was,
> that there can be no guarantee." He says "most or a lot of brokers will
> guarantee it but that's the price you pay to trade with Timberhill."
> This industry seems so fraudulent!!
> Keith
>
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