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Any market that an off floor trader will be able to access electronically
will be a huge improvement over having to pick up the phone and call a
broker or floor clerk.
The key is going to be the reliability of the technology you are using that
accesses the market. I use Interactive Brokerage to trade the bonds and
S&P's and it is a huge improvement over any situation I've had in the past,
including calling an arb desk. My orders go DIRECTLY to the broker in the
pit almost instantly when I send them.
The caveat in the above is that the trader knows what he is doing to begin
with. It isn't going to turn a loser into a winner, but if you are a
profitable trader it's definitely a plus.
Regards,
Tom Alexander
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> From: Earl Adamy <eadamy@xxxxxxxxxx>
> To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
> Subject: Re: FUT:Today's Bond Trade
> Date: Friday, July 31, 1998 7:36 AM
>
> The announcement that CBOT will be running electronic bond trading in
parallel
> with pit trading has got me thinking hard about digging into bonds. Any
comments
> from those who trade bonds on night session on how attractive the
electronic day
> trading will look?
>
> Earl
>
> -----Original Message-----
> From: John Dundee <jdundee@xxxxxxxxxxxxxxx>
> To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
> Date: Thursday, July 30, 1998 7:51 PM
> Subject: FUT:Today's Bond Trade
>
>
> >Hi Bill and all,
> >Ok I give, what is a "thank you trade". You did not mention it was also
a OOPS
> >trade today nor working the news today. I bought the stall at 121-25
sold 122,
> >sold 122-08 bought 122-06, bought 122-16 after break out sold 122-22.
Only in
> >the market about 2 hours so risk was low, don't know why I even bother
trading
> >it as it was a classical short covering up day in the bonds and a more
> >profitable day just hold long or add to positions. Oh well. For those
that
> >compare the S&P to the bonds, suggest anyone look at the return on at
least a
> 15
> >to 20 tick profit as it relates to the margin. That's $400 to $600
profit per
> >contract on a $1350 margin taking a few ticks risk. Hard to beat it and
all the
> >while riding in the Rolls Royce of the futures market. Good Trading
>
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