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Strategies & Market Trends : The Final Frontier - Online Remote Trading -- Ignore unavailable to you. Want to Upgrade?

To: steve goldman who wrote (5139)	9/2/1998 4:12:00 PM
From: TFF	Read Replies (2) \| Respond to of 12617

Steve: Agreed. This is a REAL concern and it may very well be that the internet needs awhile to get up to the reliability traders require. I heard that MB Trading had some problems over the past few days. A.B. Watley experienced several outages recently which caused many headaches. The last thing a trader needs is to have to worried about his execution system mid-trade. Disconcerting to say the least. We shall see.

To: steve goldman who wrote (5139)	9/2/1998 4:45:00 PM
From: Ken Brown	Respond to of 12617

Anyone have suggestions regarding REAL time news feeds? I am not yet a daytrader, but I am researching the option. One thing that seems important to me, based on the kind of trading I like, is real time news. How do I get news at the same time, or seconds after, others? Is it necessary to have a Bloomberg terminal? Or is DTN or BMI adequate? A few years ago, before everyone was connected, Quote.com was sufficient. Today, it is laughable. The FDA approval news on BRL came about 30 minutes after it was released. All suggestions welcome. Thanks, Ken

To: steve goldman who wrote (5139)	9/2/1998 5:27:00 PM
From: TFF	Read Replies (1) \| Respond to of 12617

Remote Execution System System Failure - Contingency Plan: 1)Know how to contact your broker in case of problems. Have several backup numbers in case the lines are busy. 2)Know what your broker's procedures are concerning phone in orders/questions. 3)Discuss your broker's liabilty with regards to missed trades/opportunites. What will he take responsibilty for and under what conditions. 4)Be sure to follow through on orders regardless of execution problems. Hesitation to follow through on trades could cause many headaches including missed opportunities and larger losses. You may not take a loss at the time but a change in your strategy may lead to larger losses down the road if you hold the trade longer because of execution problems. 5) Be sure you now how to reboot your system as quickly as possible. Always find out what the problem is before you waste valuable time trying to reboot. Sometimes the system may be down for lengthy periods of time.