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Joe,
Thanks for the reply. Where can I find this PATS system? Do they have a website, or a number? Do you use this system?
Bill
> ** Original Subject: RE: [RT] FUTURES BROKER
> ** Original Sender: "Joe Duffy" <joeduffy@xxxxxxxxx>
> ** Original Date: Tue, 7 Nov 2000 16:31:51 -0600 (CST)
> ** Original Message follows...
>
> I guess it depends on what you want from a on line futures broker. If its to
> trade e-minis tho, I have some thoughts on things that I have found
> important in my experience.
>
> 1. Order Entry Speed--- This is the time it takes to enter the order and the
> time it takes to get the fill back. Entering orders in my experience should
> be entirely point and click. If you have to type numbers you waste time, and
> risk "fat finger" errors.
>
> 2. Execution Speed ----Once you hit the send key the order should hit Globex
> within a second, and fills back within seconds of that. Which leads to the
> next point...
>
> 3. Direct Access to Globex--- To get 1 and 2 above you need DIRECT ACCESS.
> If your going thru a routing system, or any system with human intervention,
> its not going to work in my experience. Markets just move way too fast.
>
>
> I have not yet found have not yet found a system that delivers this for free
> yet. Probably the closet is PFG best direct. But they have had some software
> issues. When right though they are good.
>
> If you really want a FAST execution system with streaming quotes and nano
> second order entry and fills, have a look at the PATS system. It is an
> independant piece of software that you lease, but it is pretty good compared
> to the run of the mill stuff. I believe several brokerage firms offer it.
>
>
>
>
>
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>
>** --------- End Original Message ----------- **
>
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