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In a message dated 98-10-02 10:34:27 EDT, demoman@xxxxxxxxxxx writes:
> Did anyone experience placing market orders for the E-mini this morning
> at around 9:35am? I'm using LFG (FuturesOnline), placed a market
> order to buy E-mini, waited for the fill (usually take 10-20 secs), waited
> and waited, and 4 minutes later called the order desk and was told
> that my order was rejected. The Special Notices box did not indicate
> a problem with the system, but LFG is blaming the problem on Globex.
>
> So, to sum up this problem:
>
> 1 - lost 4 potential points per contract
>
> 2 - Saw a STRONG (the rarely seen Gravestone Doji) reversal bar at 9:45,
> which I would have reversed my position to go short. Another lost
> potential opportunity, possibly 5-10 points per contract.
>
> 3 - LFG is blaming Globex (again!)
>
> 4 - I'm not making $$ because of these problems. Just when the market
> is giving me GREAT trading signals, this problem occurs.
>
> 5 - I'm pissed off as hell and seriously looking for another brokerage firm
> that can provide efficient and reliable Order Entry system. I'm
> looking
> for quick fills and low commissions.
>
Dumb question for all you guys having all these electronic order entry
problems. Why not go back to doing it the old fashioned way. The Phone.
Sure it might be slower, isn't high tech, but it still works pretty darn good.
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