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I'm informed that PMB, Inc http://pmbinc.com (US Futures Commission Merchant -
no specific information regarding account requirements or commissions) uses the
TimberHill system which was recently discussed on this list. Salient points re
TimberHill which may or may not apply to PMB: $2m minimum account size for
general futures trading, inexpensive e-mini only trading open to $5k minimum
accounts, e-mini trading has no backup entry/exit system available if the
electronic system goes down.
Earl
-----Original Message-----
From: Mark Brown <markbrown@xxxxxxxxxxxxx>
To: Omega List <omega-list@xxxxxxxxxx>
Date: Monday, August 24, 1998 8:06 AM
Subject: Electronic Trading and Order Entry
>The way I understand PMB to do their trades are. They receive the order
>from the web and then the order is electronically sent directly to a hand
>held device that the broker in the pit has in his hand. He looks at the
>order and executes it. Then he punches the details of the trade into the
>hand held device and its back to you. Now this may not be totally
>electronic but for the SP's and other American markets its great I would
>think. I currently do not use this brokerage firm, but they did seem to be
>really on top on emerging technology and they are small enough to act on it
>quickly. They seem to be today where the big boys will be in a year or two.
>I like companies like this, this could give me a slight edge I'm thinking.
>So I was wondering if anyone is using this service or a similar service? I
>would really like to hear from someone who is using their service on the
>German markets to trade the bund. If there are some stateside users as
>well, how are the SP's and the Bonds?
>
>
>Mark Brown
>
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