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Re: who is the best broker for fast daytrade S&P 500 futures trades


  • To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
  • Subject: Re: who is the best broker for fast daytrade S&P 500 futures trades
  • From: "William F. Nakielski" <frt1000@xxxxxxxxxx>
  • Date: Sat, 24 Oct 1998 07:37:20 -0400 (EDT)

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<DIV><FONT color=#000000 size=2>Jay,</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT>&nbsp;</DIV>
<DIV><FONT size=2>Well, it certainly isn't Waldock.&nbsp; When I was using there 
system for the spoo it took about 3-4 minutes to get filled from the time I'd 
hit the Enter button.&nbsp; Today I noticed a message on thier screen saying 
that &quot;when the CME can demonstrate the reliability again of CUBS they'll 
again start using the system&quot;.&nbsp; So if you're looking for speedy 
executions in your S&amp;P trades, best look elsewhere.</FONT></DIV>
<DIV><FONT size=2></FONT>&nbsp;</DIV>
<DIV><FONT size=2>I'm in the process of opening an account with FTG (Futures 
Technology Group) out of LA.&nbsp; They use a combination of very high - tech 
systems to ensure traders of fast fills with confirmation of fills reaching your 
computer in as little as 15 seconds under normal market conditions and around a 
minute in fast market conditions.</FONT></DIV>
<DIV><FONT size=2></FONT>&nbsp;</DIV>
<DIV><FONT size=2>There was a thread here that lasted over a week on this same 
topic recently that got me to make the switch.&nbsp; Maybe if anyone else 
switched over to FTG or PMBe they would let us know.</FONT></DIV>
<DIV><FONT size=2></FONT>&nbsp;</DIV>
<DIV><FONT size=2>In my opinion, don't waste your time with any brokerage who 
depends on the CUBS/TOPS system for fills as most of the time you'll be trading 
manually.&nbsp; The CUBS system is a piece of crap that crashes at the mere 
scent of any volume in the air as I'm sure all the folks that trade with LeoWeb 
can attest. (Includes LFG and Zap).</FONT></DIV>
<DIV><FONT size=2></FONT>&nbsp;</DIV>
<DIV><FONT size=2>I personally don't know too much about the PMBe (Professional 
Market Brokerage) system, but other traders had a lot of good things to say 
about it.</FONT></DIV>
<DIV>&nbsp;</DIV>
<DIV><FONT color=#000000 size=2>The web site for FTG is <A 
href="http://www.tradeftg.com";>www.tradeftg.com</A></FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT><FONT size=2>and PMB is <A 
href="http://www.pmbinc.com";>www.pmbinc.com</A> </FONT></DIV>
<DIV><FONT size=2></FONT>&nbsp;</DIV>
<DIV><FONT size=2>Now I would like to go on record and thank all those who 
contributed to those threads in the last few weeks.&nbsp; I never would have 
discovered them if it weren't for you.&nbsp; I had completely given up trading 
spoos as my system demands fast executions otherwise I loose money. I've been 
stuck with the e-mini and getting eaten alive with commissions.&nbsp; Hopefully 
I'll be very happy with FTG.</FONT></DIV>
<DIV><FONT size=2></FONT>&nbsp;</DIV>
<DIV><FONT size=2>Bill N.</FONT></DIV>
<DIV><FONT size=2>Milwaukee, WI&nbsp;&nbsp; USA</FONT>&nbsp;</DIV>
<DIV>&nbsp;</DIV>
<DIV>&nbsp;</DIV>
<BLOCKQUOTE 
style="BORDER-LEFT: #000000 solid 2px; MARGIN-LEFT: 5px; PADDING-LEFT: 5px">
    <DIV><FONT face=Arial size=2><B></B></FONT>&nbsp;</DIV>
    <DIV><FONT face=Arial size=2><B>-----Original Message-----</B><BR><B>From: 
    </B>jaygreen &lt;<A 
    href="mailto:jaygreen@xxxxxxxxx";>jaygreen@xxxxxxxxx</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 23, 1998 11:05 PM<BR><B>Subject: </B>who is the best 
    broker for fast daytrade S&amp;P 500 futures 
    trades<BR><BR>&nbsp;</DIV></FONT>who is the best broker for fast daytrade 
    S&amp;P 500 futures trades? <BR>Lind Waldock, Jack Carl, LFG, Zap? 
    <P>Do the electronic execution systems get you fills as fast as the 
    electronic stock execution systems do? 
    <P>Can anyone give an approximate time difference in fill time in just 
    calling in your <BR>brokerage firm and ordering versus the existing 
    electronic systems<BR><BR><BR>Jay Greenlees 
    <P>&nbsp;</P></BLOCKQUOTE></BODY></HTML>
</x-html>From ???@??? Thu Sep 24 05:07:23 1998
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Date: Sat, 24 Oct 1998 07:27:17 -0400
Reply-To: macht@xxxxxxxxxxxx
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From: Ken Macht <macht@xxxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Subject: GEN: Ken's Astro Demo
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I am out of town and away from my pretty pictures, but here are the
numbers. I have support for LCZ at 62.41, call it 62.425, and resistance
at 63.53, call it 63.525. Today is a projected turn by my figures, so I
am exiting my short position today with a limit order of 62.50. If this
is not filled by the first hour, I will get out at the market--this
short position will not end up a loss. Since I am away from home on
business, I cannot watch the markets as closely else, I have a more
agressive position here. Oh, well, this is supposed to be a realtime
demo of astro trading.

I am going to step aside for possibly the rest of the week. I expect
some volatility. My astro work suggested that we have turned a corner
here and I should be long. We'll see what friday brings.

Ken