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I took a hard look at JC's system and was not impressed. When I relayed my
disappointment to the system developer, they said it was an early version and
would eventually get better. I'm not aware of any significant improvements
released since I looked at it several months ago. It is my understanding that
the JC system does nothing more than route your order to a desk where it is then
called into the pit and the fills are then entered into the computer and sent
back to you. It was my opinion that it would be faster to call the broker desk
direct so I never used it. Unlike LEO it is not connected to CUBS/TOPS which
communicates directly with hand-held terminals in some CME/CBOT pits. From what
I can tell, although not perfect, there is nothing better in the industry today
than LFG's LEO and I'm in the process of transferring my account to an LFG
broker - there are many LFG brokers from which to choose. Some are wholly owned
by LFG while others are independent Introducing Brokers.
Earl
-----Original Message-----
From: TraderJR@xxxxxxx <TraderJR@xxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Thursday, July 23, 1998 3:40 PM
Subject: RE: Discount Brokers
>Does any realtraders have any thoughts on a preference of discount brokers.. I
>am interested in trading electronicaly, to avoid.. the "hot tip" syndrome.. I
>think the electronic trading is the best yet..it helps to allow unemotional
>decisions, which i think is THE way to trade.. I am looking at Jack Carl or
>First American.. any thoughts or experiences will be appreciated
>Jerry
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