RE: To Call or to Click, Which is the Faster

["TradingSystem.Com" <mike@xxxxxxxxxxxxxxxxx>]

I have talked to a broker who uses the PatSystems interface and looking at
another broker who uses what looks like a game controller complete with
joystick. And both these brokers gave me the S&P Big contract is faster
calling the order into the pit via land line. I have been a programmer for
22 years (which is what I do for a living) and trading for 8 years.
Developing trading strategies for about 5 years on and off. I work out of my
home and have built a trading strategy for myself that has been backtested
and paper traded with excellent results, I am wanting to know how to get the
fastest fills on the S&P contract so that I know whether to structure the
strategy for 2 and 3 point profit target or jump to 5 and 7 point target
(with more risk I might add).

PerpETrader is no longer generally available to the public which by the way
is not belong to anyone but myself. I am not interested in putting in a plug
for any broker. I am after the truth of the matter here. Please don't try to
judge my motive in asking this question.

Mike.

-----Original Message-----
From: CnC [mailto:carlandchristel@xxxxxxxxx]
Sent: Wednesday, October 10, 2001 12:06 AM
To: mike@xxxxxxxxxxxxxxxxx
Cc: omega-list@xxxxxxxxxx
Subject: Re: To Call or to Click, Which is the Faster


Mike-

Looking at your website it appears you already 'think you know,why ask
here?...

plug.
plug..
plug...

Your 'perpetrader' name seems to sing out a guilty tune.

I guess you 'hered' it first,here,Mike..

And a recent editorial about 'ZAP' futures that I read,was Not very
friendly.


"TradingSystem.Com" wrote:
>
> I have been trying to determine which is faster for placing an S&P order,
> which gets executed the fastest
>
> 1. To click and send an order electronically to CUBS
> 2. To call someone at the trading pit
>
> I have had two brokers tell me that even though I could place the order
> electronically with them, that is was faster to call the order in directly
> for better execution and fills. Another broker said that it was faster to
> send the order to their CUBS interface.
>
> What is true here? Is there any fast execution method electronically?
>
> Those of you with experience, let's here it.
>
> Mike.