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I found CUBS very unreliable when I was with ZAP. This was almost two years
ago, so maybe they have gotten their act together. If you are considering
trading over the net make sure you have a cell phone handy nearby just in
case your line goes down and purchase a ping plotter program to monitor the
quality of your connection. Happy trading.
----- Original Message -----
From: Ira Tunik <ist@xxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Friday, February 04, 2000 5:05 PM
Subject: [RT] Brokers
> Has anyone dealt with these people, if so how are they? Ira.
>
> ARE YOU INTERESTED IN "BROKERING" YOUR OWN ACCOUNT BY ENTERING YOUR
> ORDERS DIRECTLY TO THE FLOOR?
>
> Well, ZAP2000 Electronic Order Entry System allows you to do just that
> and much more. Best of all, it's free to LFG,LLC clients. Here are a few
> key points
>
> Order Entry: Key in an order on your PC and it's on the trading floor in
> as little as 2-3 seconds while eliminating arduous conversation with
> phone clerks and
> lengthy hold time. With S&P's your order goes directly to the center of
> the S&P pit to our broker's portable trading deck (CUBS).
>
> Fills: Receive Fills reported directly to your screen. With E-Mini S&P's
> (computer to computer trading) enter orders and receive fills in as
> little as 4-5 seconds
> from the time of order entry, 23 ¾ hours a day.
>
> Paper Trail: ZAP provides full paper trails including time stamped order
> tickets for all orders including cancel orders, and cancel/replace
> orders.
>
> Portfolio Management: Access account statements, account balances,
> outstanding orders, and more - all with the convenience of 24 hours, 7
> days-a-week
> service.
>
> Professionally Used: This is the same software used by brokers in our
> office for phoned in orders.
>
> ZAP was the first publicly available, and currently the most advanced,
> electronic order entry system tied directly into TOPS (Trade Order
> Processing System).
> TOPS is jointly owned and maintained by the Chicago Mercantile Exchange
> and the Chicago Board of Trade. This is the same electronic routing
> system used by
> Clearing Members in their execution of orders. All of this in one neat
> user-friendly package offering Real-Time Quotes, Interday and Historical
> Charting with
> Analysis, News and Research, Time and Sales Data, and ZAP Audio live
> from the S&P pit at the Chicago Mercantile Exchange.
>
> If you have any questions or comments please feel free to contact me at
> your earliest convenience or you may click here for more information.
>
> Sincerely,
>
> Patrick Q. Sweeney
> Senior Account Executive
> (800) 257-6842
>
>
>
>
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