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<DIV><FONT color=#0000ff face=Arial size=2><SPAN
class=910084223-07042000>Earl,</SPAN></FONT></DIV>
<DIV><FONT color=#0000ff face=Arial size=2><SPAN
class=910084223-07042000></SPAN></FONT> </DIV>
<DIV><FONT color=#0000ff face=Arial size=2><SPAN class=910084223-07042000>Very
interesting. I am about to do the E-mini "thing", and was opting for Leo Web,
but the rt's are in the $22 area. I have yet to ask for a better rate from them,
but I understand these things are negotiable. Not sure
though.</SPAN></FONT></DIV>
<DIV><FONT color=#0000ff face=Arial size=2><SPAN
class=910084223-07042000></SPAN></FONT> </DIV>
<DIV><FONT color=#0000ff face=Arial size=2><SPAN class=910084223-07042000>I'm
not completely up to speed on the "ins and outs" of the different electronic
systems, but the Leo Web rep was saying the fact their program in a "stand
alone" on your computer, and not a web based affair, meant greater speed.
He talked about 3 sec. for fills after the trade is entered. Do you feel that
all fill speeds should be similar, regardless of broker? </SPAN></FONT></DIV>
<DIV><SPAN class=910084223-07042000></SPAN><FONT face=Tahoma><FONT size=2><SPAN
class=910084223-07042000><FONT color=#0000ff
face=Arial> </FONT></SPAN></FONT></FONT></DIV>
<DIV><FONT color=#0000ff face=Arial size=2><SPAN class=910084223-07042000>I
would appreciate your comments on this subject, and certainly a suggestion as to
other electronic deep discount brokers your feel give good value for
service.</SPAN></FONT></DIV>
<DIV><FONT color=#0000ff face=Arial size=2><SPAN
class=910084223-07042000></SPAN></FONT> </DIV>
<DIV><FONT color=#0000ff face=Arial size=2><SPAN class=910084223-07042000>Thank
you.</SPAN></FONT></DIV>
<DIV><FONT color=#0000ff face=Arial size=2><SPAN
class=910084223-07042000></SPAN></FONT> </DIV>
<DIV><FONT color=#0000ff face=Arial size=2><SPAN
class=910084223-07042000>Peter</SPAN></FONT></DIV>
<DIV><FONT face=Tahoma><FONT color=#0000ff face=Arial size=2><SPAN
class=910084223-07042000><A
href="http://home.golden.net/~laird/Comment.htm";>http://home.golden.net/~laird/Comment.htm</A></SPAN></FONT></FONT></DIV>
<DIV><FONT face=Tahoma><FONT color=#0000ff face=Arial size=2><SPAN
class=910084223-07042000></SPAN></FONT></FONT> </DIV>
<DIV><FONT face=Tahoma><FONT size=2><SPAN
class=910084223-07042000> </SPAN>-----Original Message-----<BR><B>From:</B>
Earl Adamy [mailto:eadamy@xxxxxxxxxx]<BR><B>Sent:</B> April 7, 2000 8:12
AM<BR><B>To:</B> realtraders@xxxxxxxxxxxxxxx<BR><B>Subject:</B> Re: [RT] S&P
E-Mini Commissions<BR><BR></DIV></FONT>
<BLOCKQUOTE style="MARGIN-RIGHT: 0px"></FONT>
<DIV>LeoWeb is excellent for trading the full scope of futures contracts,
however, as you have found, you are paying a large premium to trade the
e--mini. The e-mini is a fully electronic system end-to-end and the quality of
fill will be the same at $4/rt as $20/rt. The broker's servers, back office
and support will vary from firm to firm and the deep discount firms will
likely score on the low end. If you are trading a lot of e-mini, I would open
an e-mini account with a deep discount e-mini broker and keep your LeoWeb for
backup (offsetting trades) on those occasions when the deep discount broker is
unavailable as well as using LeoWeb for full contracts.</DIV>
<DIV> </DIV>
<DIV>Earl</DIV></BLOCKQUOTE></BODY></HTML>
</x-html>From ???@??? Fri Apr 07 18:09:59 2000
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From: "JW" <jw@xxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Subject: [RT] Clinton Mulls 'New Economy' As Markets Question It
Date: Fri, 7 Apr 2000 17:58:59 -0700
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Status:
Top Stories Headlines
Wednesday April 5 2:33 AM ET
Clinton Mulls 'New Economy' As Markets Question It
By Arshad Mohammed
WASHINGTON (Reuters) - President Clinton will gather
economic luminaries from Alan Greenspan to Bill Gates on
Wednesday to discuss the ``new economy'' just as the stock
market may be questioning whether it really exists.
The ``White House Conference on the New Economy'' will bring
together everyone from the Federal Reserve chairman and the
co-founder of Microsoft Corp. (NasdaqNM:MSFT - news) to
Goldman Sachs analyst Abby Joseph Cohen and Nobel laureate
Amartya Sen to ponder the booming U.S. economy, now basking
in its longest expansion in history.
They will spend a day at the White House chewing over the
ways in which some analysts believe the high-tech industry
has rewritten the laws of economics just as the ``new
economy'' -- as measured by the stock market -- appears to
be losing steam.
The Nasdaq composite index, which is laden with technology
firms that have soared for much of the past year, lost 13
percent of its value during trading on Tuesday before
rallying late in the session to close with a loss of 74.79
points, or 1.77 percent, at 4,148.89. That means the index
has fallen 17.8 percent since its all-time high of 5,048.62
reached last month.
After a big loss earlier in the day, the Dow Jones
industrial average also ended off 57.09 points at 11,164.84.
Gene Sperling, the chairman of the White House National
Economic Council and a key Clinton aide since his election
in 1992, could barely suppress a chuckle when announcing
that one of Wednesday's panelists was an expert in market
volatility.
But the White House insisted on Tuesday that it believes
both sides of the U.S. economic picture -- the burgeoning
technology sector as well as old-line industrial
corporations -- are in good health despite the market's
gyrations.
``We believe that the very fundamentals of our economy look
still very, very strong,'' Sperling told reporters.
``I think the new economy is doing quite well and I do not
think that one should judge the strength of the fundamentals
of our economy based on the movement of the market over a
one-day or even a one-month period,'' he added.
Clinton Sees ``Elastic'' Economy
Clinton this week made clear that he thinks there is some
merit to the idea that technology has improved productivity
and given the economy more room to grow, but he does not
believe it has rewritten all the rules.
``Even though I think you have changed the nature of the
economy, I don't believe that the silicon chip has repealed
all the economic laws that govern nations,'' Clinton told
high-tech executives in Northern California's Silicon Valley
on Monday.
``I'm not sure that you've repealed the laws of supply and
demand or even totally abolished the business cycle, but I
am quite sure you have made them more elastic, less
predictable, and that there is more potential for sustained
growth,'' he added.
Economists attribute America's remarkable run of roaring
growth combined with quiescent inflation in part to
productivity gains resulting from the broad application of
high technology through the economy.
With the conference, Clinton is reviving a forum that he
used after winning the White House in 1992 when he invited
dozens of economists, academics and executives to Little
Rock, Arkansas for a talkfest about the then-ailing U.S.
economy.
Clinton will open the conference with a speech at 9 a.m. EDT
(1500 GMT) on Wednesday, followed by five panel discussions
on topics from ``Is a Debt-Free U.S. Government Good for
America's Economic Future?'' to ``Next Stages of the
Internet.''
Greenspan kicks off the afternoon sessions with a 1:45 p.m.
(1945 GMT) speech on ``Technology and Its Impact on the
Economy,'' followed by panel discussions on ``Closing the
Global Divide: Strategies for Health, Education and
Technology'' and ''Can New Economy Tools Empower Civil
Society and Government?''
The White House raised some eyebrows by inviting Microsoft
Chairman Gates to the conference during the same week that a
federal judge found that his software company had committed
serious violations of U.S. antitrust laws.
Sperling defended the decision, saying the White House often
maintained contacts with the heads of companies that had
matters pending before the government or the judiciary.
``Bill Gates is an excellent person to have regardless of
what is going on in an enforcement or a regulatory
proceeding somewhere else within the government.'' he said.
``We issued this invitation a while ago. And we're happy
he's going to come.''
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