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Hi Richard,
Yes, I am still very pleased indeed. So far I have not experienced any of
the problems that made LEO so unusable towards the end.
One thing I have noticed after quite some trades is that I have never had
any positive slippage. With LEO I found that sometimes I got better fills
on my stop prices. That has never happened with PMB. My guess is that they
fill orders so quickly that there is no chance for the market to tick back,
whereas with LEO I would bet we used to get the benefit sometimes of brokers
dragging their feet a bit!
Now I am not saying that is bad as it proves to me that they are delivering
the service that they claim to. I would prefer not to be playing the
gambling game by having slow brokers because when it goes the other way
quickly...........!
I have had negative slippage occasionally but this is limitted most of the
time to 20 points or so. Most frequently I get my price and the worst I
have had (only once) was 70 points I think (in a fast market). As a general
rule I was mentally allowing $100 round turn for slippage and commission. I
have not done the exercise but I estimate $50 to be closer to the truth.
This is very important to me as the days that I am trading I take lots of
trades and so at the end of the day the profit per trade will be
significantly diluted if the execution cost is too high.
Hope that helps.
Have a great 1999.
Simon
-----Original Message-----
From: Richard Karst <rkarst@xxxxxxxxxxxxxxx>
To: UKTrading@xxxxxxxxxxxxx <UKTrading@xxxxxxxxxxxxx>
Date: 23 December 1998 16:24
Subject: Re: PMB
>Simon
>
>I noticed your post about a month ago ..... one quick question about PMB
....
>are you still satisfied with the service executions etc ?
>
>Seasons best !
>
>Richard Karst
>
>
>Simon Townshend wrote:
>
>> I have been using PMB for a few weeks now. It is excellent. Most of the
>> time my orders are filled right at my price (all stops) and the response
>> time is unbelievable. It really feels like you have your own man in the
pit
>> at the end of a private line!
>>
>> With the same account I can even trade the London FTSE. Now to most of
you
>> guys over in the US that is probably of little interest, but if you are
>> based in Europe you can really make your money work - FTSE in morning, SP
in
>> afternoon.
>>
>> The fact that you can trade the FTSE at all is a miracle in my book. I
have
>> not tried to for years now as it is just too thin. The crazy SP over
recent
>> months made me consider it again at least until the Spoos have been
behaving
>> properly again for a while. Yet my PMB fills are virtually all at my
price
>> even in this market. Just amazing!
>>
>> If you are serious about day trading and / or are suffering with CUBS
>> syndrome, I would give Red a call.
>>
>> Simon
>>
>> -----Original Message-----
>> From: Terry S. Smith <tesla@xxxxxxx>
>> To: AMPWood@xxxxxxx <AMPWood@xxxxxxx>; RealTraders Discussion Group
>> <realtraders@xxxxxxxxxxxxxx>
>> Date: 15 November 1998 16:44
>> Subject: Re: PMB
>>
>> >The low price leader in the PMB brokers is Nader "Red" Adeeb. I think
his
>> >commissions are 15.70. Call him at 1 800 621 5987.
>> >-----Original Message-----
>> >From: AMPWood@xxxxxxx <AMPWood@xxxxxxx>
>> >To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
>> >Date: Sunday, November 15, 1998 8:00 AM
>> >Subject: PMB
>> >
>> >
>> >>Hi.
>> >>
>> >>Does anyone know the lowest commisions which are available from PMB on
a
>> >>smaller sized S&P day trading acct. Also do you have the phone number
for
>> >the
>> >>discount department.
>> >>
>> >>
>> >> Thanks,
>> >> Dennis
>> >>
>> >
>> >
>
>
>
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