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<DIV><FONT color=#000000 size=2>I have been daytrading S&Ps using the
internet service of Futures Online and have had mixed results regarding
reliability. Any suggestions on firms with direct floor access? I
have talked with people at Saul Stone and they appear to have direct floor
access and have been around for a while. Thanks for your help</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>Gary</FONT></DIV></DIV></BODY></HTML>
</x-html>From ???@??? Mon Aug 10 14:28:54 1998
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Subject: Online Trading (LeoWeb)
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In a message dated 98-08-09 17:18:48 EDT, Earl writes:
<< As a small futures trader, I was not accorded the
privilege of direct floor access so I had to wait while my (very large
discount)
broker called the floor to get a fill and was on the receiving end of all the
things I mentioned above. I hated to pickup the phone to place an order! I
recently switched to LeoWeb and am a very happy camper >>
Earl,
Can you or anyone else out there in RT Land tell me (IYHO) if there is a
benefit to using Leo thru one particular broker over another? Is is strictly
a software matter? I took a look at LFG's demo and it appears friendly
enough, but "real" comments would be helpful.
Incidently, I have no particular fondness for hearing voices, but I do have an
ongoing queasiness with relying on the internet for critical communication.
CUBS is one thing; the computer crashing or some telecommunication snafu is
quite another. Recall how you feel when for no apparent reason you stop
receiving data, usually at a most critical time. It's a desperate feeling
being left to twist in the wind. Also, never underestimate the subtlety of
fills in your favor that come from direct access and a long term mutually
beneficial relationship with a broker, even if he IS only acting as a minion.
Dave
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