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<DIV><FONT color=#000000 size=2>I would be interested too! I just
contacted them and may open an account within days. I had used Futures
Online and was very unhappy. Cubs was always down and fill reporting was
horrible. If this is an alternative, I might check it out.</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT size=2>Gary</FONT></DIV>
<BLOCKQUOTE
style="BORDER-LEFT: #000000 solid 2px; MARGIN-LEFT: 5px; PADDING-LEFT: 5px">
<DIV><FONT face=Arial size=2><B>-----Original Message-----</B><BR><B>From:
</B>bshumake <<A
href="mailto:bshumake@xxxxxxxxxxxx";>bshumake@xxxxxxxxxxxx</A>><BR><B>To:
</B>RealTraders Discussion Group <<A
href="mailto:realtraders@xxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxx</A>><BR><B>Date:
</B>Tuesday, September 22, 1998 11:02 AM<BR><B>Subject:
</B>PMB<BR><BR></DIV></FONT>
<DIV>I have been investigating trading electronically and have looked at
several "online" brokers. It appears to me that PMB probably
has the best operation as their orders for the markets I will trade bypass
the clerk/order desk and go directly into the pit, via a system that is
claimed to be more reliable than the TOPS/CUBS system. They are
claiming S&P MARKET orders fills in 10 seconds after hitting
"enter" on my computer. I trade only using mkt orders.
</DIV>
<DIV> </DIV>
<DIV>I am soliciting comments of any kind concerning PMB, their order
system, fill times etc.</DIV>
<DIV> </DIV>
<DIV>Thanks!</DIV>
<DIV>Bill Shumake</DIV>
<DIV> </DIV>
<DIV> </DIV>
<DIV> </DIV>
<DIV> </DIV>
<DIV> </DIV>
<DIV> </DIV>
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</x-html>From ???@??? Tue Sep 22 09:48:41 1998
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Date: Tue, 22 Sep 1998 12:36:01 EDT
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Subject: Re: PMB
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In a message dated 98-09-22 12:01:49 EDT, you write:
<< I have been investigating trading electronically and have looked at several
"online" brokers. It appears to me that PMB probably has the best operation
as their orders for the markets I will trade bypass the clerk/order desk and
go directly into the pit, via a system that is claimed to be more reliable
than the TOPS/CUBS system. They are claiming S&P MARKET orders fills in 10
seconds after hitting "enter" on my computer. I trade only using mkt orders.
I am soliciting comments of any kind concerning PMB, their order system, fill
times etc.
>>
When I first went into the brokerage business last year, I investigated many
order entry systems including LEO, ZAP, Interactive, etc.... As the bulk of my
clientele
are S&P/DOW daytraders, I looked for the fastest, most accurate electronic
order entry system out there.
I found it at PMB. Market orders on the S&P and DOW are genreally filled in
10-20 seconds. Fills on stops and limits are reported back in 30 seconds or
so. No one is perfect and THERE ARE EXCEPTIONS, but my entries and fills have
been generally excellent. If they are not...I AM OUT OF BUSINESS.
I am very happy with order execution.
Peter
PS (To all those who are going to yell that I am spamming the list, note that
I have NOT left my business name or phone. I am just attempting to give you my
experience looking for an electronic order entry system over the past year or
so).
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