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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 (42913)	12/28/2000 11:01:01 AM
From: Louis V. Lambrecht	Read Replies (1) \| Respond to of 44573

OX - Yeah, IB's fpr eachother. Couldn't find the clearing house for Zap yet. They use the DTN/Interquote interface. In fact, as you say, few clearing houses have IB's accepting retail orders. (Identified so far: Refco, EDF Man,Admis and Timberhill) Then you have the merchants (FCM). hese are the ones selling their trading interface. Then IB's, which in turn sell their connections with clearing houses and FCMs to other smaller IBs in order to generate order flow (and discounts). Then you have the eSignal partners, using eSignal ability to trade directly from the software. Some allow this, some don't. Speaking of trading interfaces: some still direct you to CUBS or TOPS. PMBe has direct Globex connections, remaining trades directed to hand-helds: no way to know at which pits these hand-helds are. Lind-Waldock has many manned pits, but the orders are not electronic: they end up at terminals. And the runner. A mess.