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I have actually had pretty good results using Jack Carl ETC for the E-mini. Fills
sometimes are just bit slower than using the phone, but slippage has been almost nil
and stops, limits, markets, and MITs work fine. The status feature keeps you
informed of exactly where the order is, and fills have been promptly reported on
line just a few seconds after. The on-line access to one's account statement is
nice. There is one problem that has not been solved yet - I have not been able to
cancel orders using the system, and have had to phone in for this.
Dan
Earl Adamy wrote:
> 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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