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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: "Terry S. Smith" <tesla@xxxxxxx>
  • Date: Sun, 25 Oct 1998 12:38:17 -0400 (EST)

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<DIV><FONT color=#000000 size=2>I cannot agree with you more I was with ZAP 
futures for almost a month and Leo Web was down about 30% of the time, usually 
on the biggest days. I am now with PMB and I have had no problems. However, they 
do not include Market if touched orders in their pop up screen.</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>William F. Nakielski &lt;<A 
    href="mailto:frt1000@xxxxxxxxxx";>frt1000@xxxxxxxxxx</A>&gt;<BR><B>To: 
    </B>RealTraders Discussion Group &lt;<A 
    href="mailto:realtraders@xxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxx</A>&gt;<BR><B>Date: 
    </B>Saturday, October 24, 1998 4:32 AM<BR><B>Subject: </B>Re: who is the 
    best broker for fast daytrade S&amp;P 500 futures 
trades<BR><BR></DIV></FONT>
    <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></BLOCKQUOTE></BODY></HTML>
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Date: Sun, 25 Oct 1998 09:58:51 -0800
Reply-To: ist@xxxxxx
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From: Ira <ist@xxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Subject: Re: MKT: S&P (time and price)
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On a cycle longer then the one shown, I have 1138.85 as a target with an 80%
probability. Granted, it could turn prior to that and I trade a much shorter
cycle, but until the 929 low on the Dec. contract is taken out that number is
valid.  Ira

Joe Frabosilio wrote:

> Hello everyone,
>
> Below is a chart using time and price of the S&P.  I'm planning for the
> S&P to follow threw on Monday.  With the a report on cnnfn, saying that
> brokers will be pushing customers into small caps and out of blue chip
> and tech, along with the Moodys downgrade of four Japanese Banks, and
> profit taking.
>
> Source IBD Monday 10/26/98  Page A8 " Greenspan's remedy: cut those
> rates"
>
> " In recent days, Fed policy-makers have been out in force, soothing
> investors raw nerves. Thomson Data's Ader says that's the best thing
> they can do.  He says the Fed should offer" words of encouragement" and
> hope the market makes a steady recovery over time."
>
> Trade Well,
> Joe Frabosilio
>
>   ------------------------------------------------------------------------
>  [Image]