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John,
If you are familiar with below, is it a PATS system
Anyone out there familiar with ABG Investment Groups GTEX Order entry
platform?
ABG clears through EDF Mann.
They have several platforms The GTEX platform is computer resident ie not
browser based.
Earl Adamy said once that the resident platforms were better but I don't
remember why.
The layout and order method looks fairly straight foreward.
Phone support is thru ABG, which I know to be pretty good as phone brokers.
Don Thompson
Subject: [RT] Globex2 Stops & PATS System
> Sometime back we had a lengthy thread about how different firms handled
stops
> on Globex2 and how the different methods rated. At the time I mentioned
that
> PATS Systems held Globex2 stop locally on the user's computer.
>
> While that is still true, it is not the complete story. PATS JTrader and
> Delphi resident application versions also route emini S&P and emini Nasdaq
> orders directly to Globex2 for stop limits or to the CME Order Manager
Server
> for regular stops.
>
> Those stops on the OM are actually or better limit orders set to a
throttle
> determined by the clearing firm member. For ED&F Man, the firm clearing
> trades for Price Group clients, that is set to 16 ticks on both mini S&P
and
> mini Nasdaq. It has been a long time since a stop has not been filled
> immediately, particularly since volume has exceeded 100,000 contracts per
day
> for both.
>
> I know this is an important issue for some of the very respected members
of
> this list who are veteran online traders. I hope this clarifies this
issue.
>
> A demo version of PATS is available at <A
> HREF="http://www.pricegroupetd.com/JTrader.html";>
> www.pricegroupetd.com/JTrader.html</A> if anyone would like to see for
> themselves how this is handled. There is also a link to the user guide
for
> PATS.
>
> PATS is available from several FCMs, not just ED&F Man or Electronic
Trading
> Division of The Price Group. It is an Independent Software Vendor from
the
> U.K. I selected PATS because I think it has one of the best looking and
> functional interfaces I had seen and offered much of the functionality
> demanded by traders on this and other lists.
>
> Next week we will be deploying a new risk/administration version of PATS
> which has market depth for Globex2. Our PATS servers already display
market
> depth on the CBOT/Eurex a/c/e platform. a/c/e bond volume recently topped
36
> percent of daily volume for overall tbond volume for one day, so it is
> gaining popularity, especially among the day traders in bonds.
>
> Regards,
>
> John J. Lothian
>
> Disclosure: Futures trading involves financial risk, lots of it! John J.
> Lothian is the President of the Electronic Trading Division of The Price
> Futures Group, Inc., an Introducing Broker.
>
>
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>
>
>
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>
>
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