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Re: Globex Problem (again?)



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<DIV><FONT color=#000000 size=2>I'm as disgusted as anyone with 
LeoWeb/Globex/CUBS/TOPS, but I will say that even though CUBS is down in the 
spoo pit, my fills on the e-mini this morning have been faster than lightening. 
I'm literally getting (excellent) fills back in less time than it takes me to 
find and display the fills screen after I click on Confirm. When I say excellent 
I mean that my limit orders are normally sent a full point below the current bid 
(sell) or ask (buy) and I'm getting filled at the b/a or better.</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT>&nbsp;</DIV>
<DIV><FONT color=#000000 size=2>Earl&nbsp;</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 &lt;<A 
    href="mailto:demoman@xxxxxxxxxxx";>demoman@xxxxxxxxxxx</A>&gt;<BR><B>To: 
    </B>RealTraders Discussion Group &lt;<A 
    href="mailto:realtraders@xxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxx</A>&gt;<BR><B>Date: 
    </B>Friday, October 02, 1998 9:41 AM<BR><B>Subject: </B>Re: Globex Problem 
    (again?)<BR><BR></DIV></FONT>
    <DIV><FONT color=#000000 size=2>Gary,</FONT></DIV>
    <DIV><FONT color=#000000 size=2></FONT>&nbsp;</DIV>
    <DIV><FONT size=2>Now there's a message on the Special Notices screen with 
    </FONT></DIV>
    <DIV><FONT size=2>LFG (FuturesOnline):</FONT></DIV>
    <DIV><FONT size=2></FONT>&nbsp;</DIV>
    <DIV><FONT size=2>&quot;The CUBS terminal at the CME is currently 
    down.&nbsp; Expect delays in</FONT></DIV>
    <DIV><FONT size=2>&nbsp; S&amp;P500 fills.&nbsp; The EMini and Dow futures 
    are not affected&quot;</FONT></DIV>
    <DIV><FONT size=2></FONT>&nbsp;</DIV>
    <DIV><FONT size=2>Are you still up and able to place orders while we're 
    down?&nbsp;&nbsp; This is good</FONT></DIV>
    <DIV><FONT size=2>test to determine the differences between two 
    brokerages.</FONT></DIV>
    <DIV><FONT size=2></FONT>&nbsp;</DIV>
    <DIV>&nbsp;</DIV>
    <DIV><FONT size=2>Thanks,</FONT></DIV>
    <DIV><FONT size=2></FONT>&nbsp;</DIV>
    <DIV><FONT size=2>-ernest</FONT></DIV>
    <DIV><FONT size=2></FONT>&nbsp;</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>Gary Kramer &lt;<A 
        href="mailto:gmkramer@xxxxxxxxxxxx";>gmkramer@xxxxxxxxxxxx</A>&gt;<BR><B>To: 
        </B>demoman@xxxxxxxxxxx &lt;<A 
        href="mailto:demoman@xxxxxxxxxxx";>demoman@xxxxxxxxxxx</A>&gt;; 
        RealTraders Discussion Group &lt;<A 
        href="mailto:realtraders@xxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxx</A>&gt;<BR><B>Date: 
        </B>Friday, October 02, 1998 7:41 AM<BR><B>Subject: </B>Re: Globex 
        Problem (again?)<BR><BR></DIV></FONT>
        <DIV><FONT color=#000000 size=2>As I have stated on this forum before, 
        Futures Online Sucks!!!!&nbsp;&nbsp;&nbsp; they advertise that the 
        system is the best thing since sliced bread and then when it doesnt 
        work, they blame the exchange!!!&nbsp;&nbsp; Check out PMB.&nbsp; I did 
        and am very happy.</FONT></DIV>
        <DIV><FONT color=#000000 size=2></FONT>&nbsp;</DIV>
        <DIV><FONT size=2>Gary</FONT></DIV>
        <BLOCKQUOTE 
        style="BORDER-LEFT: #000000 solid 2px; MARGIN-LEFT: 5px; PADDING-LEFT: 5px">
            <DIV>&nbsp;</DIV></BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
</x-html>From ???@??? Fri Oct 02 11:01:20 1998
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Date: Fri, 2 Oct 1998 11:28:57 -0600
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From: "Earl Adamy" <eadamy@xxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Subject: Re: Globex Problem (again?)
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<DIV><FONT color=#000000 size=2>Gary,</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT>&nbsp;</DIV>
<DIV><FONT size=2>Does this mean you have been getting executions while CUBS has 
been down? If so, what is the backup system and how long from send to a) 
execution and b) fill report? Thanks.</FONT></DIV>
<DIV><FONT size=2></FONT>&nbsp;</DIV>
<DIV><FONT size=2>Earl</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>Gary Kramer &lt;<A 
    href="mailto:gmkramer@xxxxxxxxxxxx";>gmkramer@xxxxxxxxxxxx</A>&gt;<BR><B>To: 
    </B>RealTraders Discussion Group &lt;<A 
    href="mailto:realtraders@xxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxx</A>&gt;<BR><B>Date: 
    </B>Friday, October 02, 1998 9:49 AM<BR><B>Subject: </B>Re: Globex Problem 
    (again?)<BR><BR></DIV></FONT>
    <DIV><FONT color=#000000 size=2>no problems at all</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 &lt;<A 
        href="mailto:demoman@xxxxxxxxxxx";>demoman@xxxxxxxxxxx</A>&gt;<BR><B>To: 
        </B>Gary Kramer &lt;<A 
        href="mailto:gmkramer@xxxxxxxxxxxx";>gmkramer@xxxxxxxxxxxx</A>&gt;; 
        RealTraders Discussion Group &lt;<A 
        href="mailto:realtraders@xxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxx</A>&gt;<BR><B>Date: 
        </B>Friday, October 02, 1998 10:38 AM<BR><B>Subject: </B>Re: Globex 
        Problem (again?)<BR><BR></DIV></FONT>
        <DIV><FONT color=#000000 size=2>Gary,</FONT></DIV>
        <DIV><FONT color=#000000 size=2></FONT>&nbsp;</DIV>
        <DIV><FONT size=2>Now there's a message on the Special Notices screen 
        with </FONT></DIV>
        <DIV><FONT size=2>LFG (FuturesOnline):</FONT></DIV>
        <DIV><FONT size=2></FONT>&nbsp;</DIV>
        <DIV><FONT size=2>&quot;The CUBS terminal at the CME is currently 
        down.&nbsp; Expect delays in</FONT></DIV>
        <DIV><FONT size=2>&nbsp; S&amp;P500 fills.&nbsp; The EMini and Dow 
        futures are not affected&quot;</FONT></DIV>
        <DIV><FONT size=2></FONT>&nbsp;</DIV>
        <DIV><FONT size=2>Are you still up and able to place orders while we're 
        down?&nbsp;&nbsp; This is good</FONT></DIV>
        <DIV><FONT size=2>test to determine the differences between two 
        brokerages.</FONT></DIV>
        <DIV><FONT size=2></FONT>&nbsp;</DIV>
        <DIV>&nbsp;</DIV>
        <DIV><FONT size=2>Thanks,</FONT></DIV>
        <DIV><FONT size=2></FONT>&nbsp;</DIV>
        <DIV><FONT size=2>-ernest</FONT></DIV>
        <DIV><FONT size=2></FONT>&nbsp;</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>Gary Kramer &lt;<A 
            href="mailto:gmkramer@xxxxxxxxxxxx";>gmkramer@xxxxxxxxxxxx</A>&gt;<BR><B>To: 
            </B>demoman@xxxxxxxxxxx 
            &lt;<A 
            href="mailto:demoman@xxxxxxxxxxx";>demoman@xxxxxxxxxxx</A>&gt;; 
            RealTraders Discussion Group &lt;<A 
            href="mailto:realtraders@xxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxx</A>&gt;<BR><B>Date: 
            </B>Friday, October 02, 1998 7:41 AM<BR><B>Subject: </B>Re: Globex 
            Problem (again?)<BR><BR></DIV></FONT>
            <DIV><FONT color=#000000 size=2>As I have stated on this forum 
            before, Futures Online Sucks!!!!&nbsp;&nbsp;&nbsp; they advertise 
            that the system is the best thing since sliced bread and then when 
            it doesnt work, they blame the exchange!!!&nbsp;&nbsp; Check out 
            PMB.&nbsp; I did and am very happy.</FONT></DIV>
            <DIV><FONT color=#000000 size=2></FONT>&nbsp;</DIV>
            <DIV><FONT size=2>Gary</FONT></DIV>
            <BLOCKQUOTE 
            style="BORDER-LEFT: #000000 solid 2px; MARGIN-LEFT: 5px; PADDING-LEFT: 5px">
                <DIV>&nbsp;</DIV></BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
</x-html>From ???@??? Fri Oct 02 11:01:25 1998
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Reply-To: barcia@xxxxxxxxxxx
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From: "Barcia, Nick" <barcia@xxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Subject: RE: Long term Capital
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I think that he did NOT follow the plan - as Mervin said, he got in too
late.  The trade that makes sense at one level doesn't at another.  I
agree on the stop and the flaky broker, and I have certainly gotten in
too late myself on more than one occasion.

My point is that EVERY price change can change the dynamics of EVERY
trade.

Nicl

> -----Original Message-----
> From:	Andy Dunn [SMTP:andy@xxxxxxxx]
> Sent:	Friday, October 02, 1998 1:00 PM
> To:	RealTraders Discussion Group
> Subject:	Re:Long term Capital
> 
> Mervin wrote:
> >I remember that in April, 1996, I went long wheat.  I got in too
> late: 
> >in the middle of the move.  In order to protect myself, I placed a
> stop
> >just
> >in case.  It did fall--It gapped open on the next day.  I stopped out
> at
> >518, the lowest point in the whole correction.  My broker tried his
> best
> >to
> >persuade me to get back in.  I didn't.  Wheat went on to move to
> above
> >700.
> >I was devastated.
> 
> Mervin,
> 1. you followed your plan
> 2. you placed a stop
> 3. you didn't listen to a flakey broker
> 
> I consider this trade a success...perhaps not financially, but
> psychologically. You did 3 things well. If you had gotten back in on
> your broker's advice, I think you would of been far worse off.
> 
> Andy