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I'm sure you don't want to hear this, but the .50 LFG imposed ticks is one
of the reasons I've been trading the emini more these days than the spoo. By
the time you add slippage in .50 ticks to the .50 spread, it's less
expensive to trade the emini with near-zero slippage at 5x the commission. I
too am looking for a sound alternative to LFG/LeoWeb but I'm not going to
jump again until I know I've found something which is going to work better.
Had to laugh the other day when I first heard Jack Carl's ad on CNBC for
their ETC electronic trading - when I had account there ETC was direct from
customer computer to JC's broker desk where they phoned the orders into the
pit. ETC and LFG should get smashed by the CFTC for their claims of
electronic trading systems!
Earl
-----Original Message-----
From: AMPWood@xxxxxxx <AMPWood@xxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Friday, October 02, 1998 2:26 PM
Subject: Fills at even and .50 on S&P
>Hi,
>
> I use Leo/Web and LFG. and day trade the S&P.I am about as frustrated as
>anyone on the Cubs being down today.Are there any other electronic order
entry
>systems and brokers which will honor fills other than even and .50s?
>
> I had an order to buy the dec S&P at 990.10, The price hit 990.00 twice.
So I
>sold one at 1000.00 for a profit target , and then found out the 990.10
wasnt
>filled, so I dumped my buy at 1007.50.Counting this and a few other good
>trades , I thought I was up $4200 for the day , before I discovered the
990.10
>wasnt filled, now I am about even.I am paying about $14 round turn
presently
>and I am getting some bad fills (.50 to 1.00 slippage) and have to contend
>with the fills indicated above. Are there any better possiblities
available.
>
>
> Thanks,
> Dennis
>
>
>
>
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