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<DIV><FONT size=2>Did anyone experience placing market orders for the E-mini
this morning</FONT></DIV>
<DIV><FONT size=2>at around 9:35am? I'm using LFG (FuturesOnline),
placed a market</FONT></DIV>
<DIV><FONT size=2>order to buy E-mini, waited for the fill (usually take 10-20
secs), waited</FONT></DIV>
<DIV><FONT size=2>and waited, and 4 minutes later called the order desk and was
told</FONT></DIV>
<DIV><FONT size=2>that my order was rejected. The Special Notices box did
not indicate</FONT></DIV>
<DIV><FONT size=2>a problem with the system, but LFG is blaming the problem on
Globex.</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>So, to sum up this problem:</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>1 - lost 4 potential points per contract</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>2 - Saw a STRONG (the rarely seen Gravestone Doji) reversal
bar at 9:45, </FONT></DIV>
<DIV><FONT size=2> which I </FONT><FONT size=2>would
have reversed my </FONT><FONT size=2>position to go short. Another lost
</FONT></DIV>
<DIV><FONT size=2> potential opportunity, possibly 5-10
</FONT><FONT size=2>points per contract.</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>3 - LFG is blaming Globex (again!)</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>4 - I'm not making $$ because of these problems. Just
when the market</FONT></DIV>
<DIV><FONT size=2> is giving me GREAT trading signals,
this problem occurs.</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>5 - I'm pissed off as hell and seriously looking for another
brokerage firm </FONT></DIV>
<DIV><FONT size=2> that can provide efficient and
reliable Order Entry system. I'm looking</FONT></DIV>
<DIV><FONT size=2> for quick fills and low
commissions. </FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>-ernest</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2></FONT> </DIV></BODY></HTML>
</x-html>From ???@??? Fri Oct 02 07:58:15 1998
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Date: Fri, 2 Oct 1998 09:39:40 -0500
Reply-To: gmkramer@xxxxxxxxxxxx
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From: "Gary Kramer" <gmkramer@xxxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Subject: Re: Globex Problem (again?)
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<DIV><FONT color=#000000 size=2>As I have stated on this forum before, Futures
Online Sucks!!!! they advertise that the system is the best
thing since sliced bread and then when it doesnt work, they blame the
exchange!!! Check out PMB. I did and am very
happy.</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>Ernest Cespedes <<A
href="mailto:demoman@xxxxxxxxxxx";>demoman@xxxxxxxxxxx</A>><BR><B>To:
</B>RealTraders Discussion Group <<A
href="mailto:realtraders@xxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxx</A>><BR><B>Date:
</B>Friday, October 02, 1998 9:36 AM<BR><B>Subject: </B>Globex Problem
(again?)<BR><BR></DIV></FONT>
<DIV> </DIV>
<DIV><FONT size=2>Did anyone experience placing market orders for the E-mini
this morning</FONT></DIV>
<DIV><FONT size=2>at around 9:35am? I'm using LFG
(FuturesOnline), placed a market</FONT></DIV>
<DIV><FONT size=2>order to buy E-mini, waited for the fill (usually take
10-20 secs), waited</FONT></DIV>
<DIV><FONT size=2>and waited, and 4 minutes later called the order desk and
was told</FONT></DIV>
<DIV><FONT size=2>that my order was rejected. The Special Notices box
did not indicate</FONT></DIV>
<DIV><FONT size=2>a problem with the system, but LFG is blaming the problem
on Globex.</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>So, to sum up this problem:</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>1 - lost 4 potential points per contract</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>2 - Saw a STRONG (the rarely seen Gravestone Doji)
reversal bar at 9:45, </FONT></DIV>
<DIV><FONT size=2> which I </FONT><FONT size=2>would
have reversed my </FONT><FONT size=2>position to go short. Another
lost </FONT></DIV>
<DIV><FONT size=2> potential opportunity, possibly
5-10 </FONT><FONT size=2>points per contract.</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>3 - LFG is blaming Globex (again!)</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>4 - I'm not making $$ because of these problems.
Just when the market</FONT></DIV>
<DIV><FONT size=2> is giving me GREAT trading
signals, this problem occurs.</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>5 - I'm pissed off as hell and seriously looking for
another brokerage firm </FONT></DIV>
<DIV><FONT size=2> that can provide efficient and
reliable Order Entry system. I'm looking</FONT></DIV>
<DIV><FONT size=2> for quick fills and low
commissions. </FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>-ernest</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2></FONT> </DIV></BLOCKQUOTE></BODY></HTML>
</x-html>From ???@??? Fri Oct 02 08:28:14 1998
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Date: Fri, 2 Oct 1998 10:56:56 EDT
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From: I4Lothian@xxxxxxx
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Subject: Re: Globex Problem (again?)
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In a message dated 10/2/98 9:43:25 AM Central Daylight Time,
gmkramer@xxxxxxxxxxxx writes:
<< As I have stated on this forum before, Futures Online Sucks!!!! they
advertise that the system is the best thing since sliced bread and then when
it doesnt work, they blame the exchange!!! Check out PMB. I did and am very
happy.
Gary >>
If the problem is with Globex, or in the case of last week Globex2, it does
not matter which front-end interface you are using.
Globex did have some problems this morning about that time and orders were
being rejected everywhere.
The e-mini S&P is a very good contract, but this kind of volatility creates
system havoc all over. I have suggested elsewhere that people should trade
the Dow futures during this time because of the system problems with Globex2
and the effects of volatility on the original Globex system.
There are several brokerages who have Electronic Clerk terminals in the Dow
futures, including mine. You don't get the 3 second fills like the E-mini,
but you don't get the same system problems either.
Regards,
John J. Lothian
Disclosure: Futures trading involves financial risk, lots of it!
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