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I don't have enough personal experience with CUBS to identify the frequency,
however I knew before switching to LeoWeb that outages were not infrequent,
which led me to make inquiries at the CME. They told me a whole new system with
much higher level of reliability will be deployed in August/September. More
information regarding CME electronic systems including CUBS and TOPS is
available on the CME web pages www.cme.com.
I have not used limit or stop orders with LeoWeb as I have not been using it
long and the S&P has not been conducive to establishing trending positions.
Given the excellent response, I've been comfortable using market orders to
handle my stops and exits over short periods of time. I haven't used c/r but
would not expect miracles if price is close to the existing order. That's why I
prefer to watch the position without an order in the market until it has proven
itself to have staying power before placing stop and exit orders in the market.
Earl
-----Original Message-----
From: Tom Stein <comfut@xxxxxxxxxxxxx>
To: eadamy@xxxxxxxxxx <eadamy@xxxxxxxxxx>; RealTraders Discussion Group
<realtraders@xxxxxxxxxxxxxx>
Date: Sunday, August 09, 1998 4:20 PM
Subject: Re: Fut:POP's rule #1
>Earl;
>
>1)Could you give us some idea of the frequency of the CUBS
>problems??????
>
>2)Are you using limit orders,stops, mit or market orders?????? More
>problems with one vs the other??????
>
>3)What is your experience with cancel/replace when price is close to
>the cxl?????
>
>4)What markets are you trading with the CUBS??????
>
>Also, I received a time & sales from CQG vs Futuresource on the mini
>S&P the other day and was astonished at the number of trades that CQG
>posted(not to mention the spreads in the b/a) vs
>Futuresource.....Anyone else noticing this?????????
>
>
>
>Thanks;
>
>Tom Stein
>comfut@xxxxxxx
>
>
>
>
>
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