Re: [RT] Globex vs ACE fill algorithm

[I4Lothian@xxxxxxx]

Not to be argumentative, but the Iowa Grain's system, which was spun off and licensed by the CBOT for members to use (eOpen Outcry), was up the first day of a/c/e trading and so was ED&F Man's Mtrade product.  Thus, I question the "first" claim, in a most respectful way.  As you know, I tend to keep a close eye on such things.   Did you guys execute the first a/c/e trade from the Internet, perhaps?

;-)

Regards,

John J. Lothian

Disclosure:  John J. Lothian is the President of the Electronic Trading Division of The Price Futures Group, Inc., an Introducing Broker clearing ED&F Man International, Inc.


In a message dated 11/07/2000 3:09:30 PM Central Standard Time, mmorrison@xxxxxxxxxx writes:


Bill,

PMBe was the first brokerage firm to offer customers an electronic
connection to A/C/E.  We allow T-Bonds, 10-Year Notes, and 5-Year Notes, but
not 2-Year Notes at this time.  We also allow Dow, but I DO NOT recommend
you trade Dow on A/C/E during the day session hours.  The volume is terrible
and the bid/ask spread is too wide.

Mark Morrison
PMB




Futures trading involves financial risk, lots of it!






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