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Robert:
Seat prices have declined dramatically, but not from $900 and some to $200 and
some thousand...But they are going to go lower.
As for getting out of the human link--Don't forget that at the moment, your
order on Leo or any of the electronic services merely go to another human with a
terminal at the moment. Having tested the existing and soon-to-come systems, you
can trade electronically and be fairly happy with your fills right now, but a
very good broker will still outperform an electronic connection. AND phone
trading is still much more reliable, at the present. The problem you had
yesterday was caused by a bad broker OR you did not use the correct
order--That's not a reason to switch to electronic trading.
Tim morge
Robert W Cummings wrote:
>
>
> I missed a trade today in the S&P having direct floor access going at the
> ask of 50 points and still due to human error from the floor missed the
> trade. Market was quiet was not in a fast market and the order should have
> by all standards been filled. So I am looking at getting away from humans
> and would like some feed back on Leo. Anybody out there using Leo order
> entry for the S&P and if so can you really get 5 second fills using ISDN as
> their demo software suggest. I've seen posts on this before but thought I
> had that beat until lately. Also I was talking to a FCM today and he said
> the seat prices at the merc and board were down over two thirds from two
> years ago due to electronic trading and the merc was around 925,000 then
> today around 250,000.
>
> Robert
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