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Other day you made a comment which basically boiled down to e-mini is for
small traders who can't afford to trade the spoo. I don't suppose you
considered the fact that the e-mini provides 3-5 times as many quotes per
minute and that limit fills are virtually always available at the bid/ask
(sell/buy) I see on the (free) CME real-time internet feed. (Am not
referring to the 3rd party vendor feeds which always lag a few seconds). For
nominal additional cost in commission and slightly larger tick size, one can
eliminate the slippage in the pit and the hassle of dealing with human
beings. That's why some of us trade the e-mini, not because we can't afford
to do the spoo.
Earl
-----Original Message-----
From: Ira <ist@xxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Saturday, February 20, 1999 11:34 PM
Subject: Re: Fut: T-Bonds Data accuracy
>That is why when you call the pit to put in an order, ask the price. The
bid
>and offer are away from what you see on the screen. In the S&P pit it can
get
>real weird. I still like the phone over the net. Ira.
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