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Simon Dawson wrote:
> Am now with another broker, and get much more typical response,
> fills inside a couple of seconds max. A very much happier experience.
>
> I wouldn't go back to PFG, nor recommend them to anyone I cared
> about if they paid me a million bucks*.
Simon, why don't you please share that other broker (which you're happy
with) with us?
I've worked with Man Financial's MTradePro (PATS JTrader). The PATS
software is Java-based, so it won't work on the same PC along with TS4
(I'd rather not go into all the gory technical details, but it boils
down to having the CPU utilisation maxed at 100%, not PATS fault
ofcourse) although it works fine alongside TS2k. The PATS software
interface is quite good and fills are timely.
The MAJOR problem is that ManFinancial's MTradePro order-entry system
isn't connected to Man's back-office (I know it's hard to believe), so
you get completely bogus reports on your current positions, average
price, your current P&L, open P&L etc which can be quite confusing and
may at times render your account untradeable (like when you have an
imaginary loss of -$90k on 2 ES contracts with avg price of 0 etc).
Much like PFG you quoted, Man showed no interest in fixing things in
that regard. I wouldn't recommend them to anyone doing more than a 1-2
emini trades per day.
Phone support of ManFinancial is rather adequate in normal market
conditions.
Regards, Michael.
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