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

To: OX who wrote (42370)	12/18/2000 8:06:08 AM
From: Patrick Slevin	Read Replies (2) \| Respond to of 44573

Nope. I still get the old customer menu page, the word "Trade" appears no where. Java TWS is supposed to be accessible by all now. Just go to the main IB homepage and there is a "Trade" button you click. anyone know if Arc/Best enters their stops directly onto Globex? Don't know; may get the chance to ask later.

To: OX who wrote (42370)	12/18/2000 9:46:33 AM
From: Patrick Slevin	Read Replies (1) \| Respond to of 44573

I copied Earl's letter over to Arc and when they replied they were furious. Evidently they believe that IB's methodology is not legitimate. To convince myself that Earl is correct I went to IB's Risk Disclosure Statement and found the following, The GLOBEX system will not accept contingency orders including MIT and STOP orders. Unless otherwise prohibited by exchange rules, a firm may accept contingency orders from customers. In such cases, the orders will be handled manually by a terminal operator entering a limit order (or series of limit orders) when the contingent event occurs. For example, in the case of a stop order, once the stop has been elected the terminal operator would enter a limit order (or series of limit orders) until the order is completely filled. I believe this may be what Earl is referring to, so I copied it back to Arc. Arc states flatly that this is not the case with them, the order is XMitted straight to Globex.