|
PureBytes Links
Trading Reference Links
|
Didn't I read somewhere that a couple of months ago TimberHill had
unexpectedly imposed some pretty stiff add-on fees (e.g. $10.00 per order)
on its introducing brokers for limit, stop, cancel/replace and other
"special" orders on standard contracts (non-emini)? If so, wouldn't this
apply to Refco, EDF Mann, PMB, and other TH IB's?
Earl
----- Original Message -----
From: mguess <mguess@xxxxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Sent: Monday, May 24, 1999 7:30 PM
Subject: Re: Best E-mini online broker
> Tom Alexander's email address is: gta3@xxxxxxxxxxxxx and his ph # is:
> 800-373-5314.
>
> He's been a SP daytrader since '87, I believe. He's a fully licensed
> futures broker and is an IB for Summit Management, a subsidiary of REFCO
>
> the largest clearing firm in the industry. He uses the IB Workstation
> (Timberhill Technology) for all mkts supported by electronic order entry
>
> and will be upgrading soon to even more advanced order entry technology
> that will allow electronic order entry to ALL mkts. His emini rates are
> under $10 w/ generous margin requirements. Obviously, a personal
> relationship allows him to follow your trading style and offer you
> better-than-industry requirements.
>
> He uses the IB WS (as I do) so if you experience a glitch & need
> immediate execution all you need to do is speed dial to him & he'll help
>
> you w/ your position. There is also an off-floor desk as an additional
> backup. It is part of Summit's operation, I believe. Timberhill has
> their own tech support staff (minimal) also.
>
> You can expect full flexibility in order entry and management: limit
> orders, market orders, and stops are the most commonly used in the
> emini. Fills are typically returned in a few seconds. Your own audit
> trail is exportable to Word for recordkeeping purposes. Nightly equity
> runs are sent via email if you desire.
>
> Personally, having tried several other interfaces and order systems I'm
> satisfied that (for now) Timberhill's the most reliable, fastest, and
> accurate (eg, you get bid/ask/last prices onscreen) and typically leads
> my BMI satellite by seconds. Only Quote.com datafeed comes close.
>
> I suggest you call Tom and discuss your requirements to see if you feel
>
> he'd be a good fit. Personally, having traded the sp/emini for a few yrs
>
> has taught me the value of a dedicated, trustworthy, motivated broker.
> I'm not interested in anyone else. He's that good. Write me again if you
>
> have any other questions.
>
> Michael Guess
>
> Marcelo Martinez wrote:
>
> > Hi:
> >
> > Any inputs on the best E-mini on-line broker : execution / cost ?
> >
> > thank you,
> >
> > Marcelo
>
|