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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures
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To: SE who wrote (4790)9/29/1998 11:41:00 AM
From: Patrick Slevin  Read Replies (2) of 44573
 
Man just told me of an electronic method they are trying out, only one other client uses it thus far.

Evidently they think it's better than the typical electronic method. They would supply a terminal and trades would be $2 a side. There would be no pause feature, speeding the trade faster than other electronic methods.

The pause feature would be overridden due to a max amount of trades. Currently one of the things that slow trades is the "check" to make certain the account has enough cash. The override is a result of placing a max on the number of allowable trades. Say you have enough $$ to trade 25 lots, for example. So you may wish to never trade more than 10s. You can set it up therefore to only trade no more than 20s (After all, sometimes you need a SAR, so covering 10 and doing 10 the other way gives you 20).

Neat idea. Problematic for a smaller trader because you need to trade actively to make it worth while. Although it's $4 a turn you pay "rent" on the terminal up to 125 trades, I think it is, per month. Also, it's only S&P; no Silver, Coffee or whatever.

Looks as if I should not have allowed myself to get called away. It did appear to be heading higher earlier but if I cannot watch I'm ill at ease.
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