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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: Patrick Slevin who wrote (25314)	6/14/1999 9:40:00 PM
From: Michael Davis	Read Replies (1) \| Respond to of 44573

Nightmares in electronic E-Mini trading with PMBe. Today I sold at 1209 and put in a buy-stop at 1212. Well the trade went against me and the 1212 was hit. But my screen kept saying the order was "waiting". Usually, within seconds it shows as filled and at what price. So I called my guy and he hems and haws and says they're not getting any fills back, but I should be out because my order was in long before they started having problems, etc. etc. Then their whole site goes down and I can't even get back online with them. Meanwhile, he's supposed to call me back with my fill price. 10-15+ minutes later I get back online with them and now my stop order reads cancelled! I call again and after being put on hold several times I finally get a confirm that indeed my order had been cancelled. Luckily, the market was kinda going sideways at the time, so I put in a buy and get out at 1212.25. The big potential problem is that this thing could have run 10-20 points and I would have been on the hook due to their disclaimers re: electronic errors etc. I think I'll only trust phone orders in the future. It works 95% of the time, but you can get killed in the 5% that doesn't work. Thanks for letting me vent.