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Kim Havmann wrote:erienced any pro's and/or con's about LFG's ZAP, I
would be very interested in learning about them.
>
> Kind Regards,
> Kim Havmann
> E-Mail: Havmann@xxxxxxxxxx
Kim,
The LFG ZAP allows traders to electornically place orders through their
computer.
LFG also offers this service through their "Professional" trading
division, under the name LeoWeb and LeoWin.
LeoWin allows you to place orders via high speed modem or ISDN.
LeoWeb allows you to use the Internet to place orders.
LFg will expect you to have a minimum of $10,000 to trade on these
services.
The services are essentially the same, but with one major difference:
You could consider ZAP the "retail" version. If you were to open an
account with LFG to use ZAP, I doubt you will talk them into
commissions below about 25 bucks rt.
However, if you hook up with the "Professional" division, you will
probably get 18.00 or better commission rates.
Contact Bruce Serra , President of "Futures Technology
Group" at 1-800-749-3455. If he asks you how you found out about
him, tell him Walt Downs of Commodity InfoSystems recommended him
to you. Make sur you specify that you are interested in the
professional division. Even if you only have the minimum amount
to open an account, *imply* that you have more, you MAY get a
better commission deal. ; ) Also doessn't hurt to imply that you
are a daytrader, even if you aren't. They will figure you are good
for High volume commissions, and will be more aggressive in
seeking your business.
Again, you will need to be able to open an account of no less than
$10,000 dollars. :)
Can't speak for ZAP, but using LeoWeb and/or LeoWin is a snap.
LeoWeb is better because you get good speed of execution. (Usually
about 5 to 10 seconds), and you don't have to go through the
headaches and expense of procurring an ISDN line to gain the same
speed with LeoWin. The software is pretty straightfoward.
By the way, the fills through the professional division are superb.
When I buy a futures contract it is not unusual for me to get the
"bid" price rather than the "ask", or the "market" :) If I want to
buy at 6841, I am usually filled 6840 or better.....etc.
Hope this helps out. :)
Walt Downs
CIS Trading
I have no monetary affiliation with LFG, FTG, or Bruce Serra.
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