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We (Viper Trading ) left Man Financial for the same reasons re: inaccuracies
on PATS. We chose Vision as our FCM with Cargill running PATS.
All of the software problems went away as well as a much more stable
connection; the only thing that remains incorrect is the recorded time of
the trade on PATS which is a PATS programming problem - noth the FCMs'
I moved our IB to them back in May of this year and it has been a far better
experience!
Regards,
Mike Herron, CTA
President
Viper Trading, LLC.
www.vipertrading.com
1-866- GO VIPER
----- Original Message -----
From: "MT" <mtzianos@xxxxxxxxx>
To: <omega-list@xxxxxxxxxx>
Sent: Saturday, August 24, 2002 8:08 AM
Subject: Re: good & practical brokers
> Simon Dawson wrote:
> > Am now with another broker, and get much more typical response,
> > fills inside a couple of seconds max. A very much happier experience.
> >
> > I wouldn't go back to PFG, nor recommend them to anyone I cared
> > about if they paid me a million bucks*.
>
> Simon, why don't you please share that other broker (which you're happy
> with) with us?
>
> I've worked with Man Financial's MTradePro (PATS JTrader). The PATS
> software is Java-based, so it won't work on the same PC along with TS4
> (I'd rather not go into all the gory technical details, but it boils
> down to having the CPU utilisation maxed at 100%, not PATS fault
> ofcourse) although it works fine alongside TS2k. The PATS software
> interface is quite good and fills are timely.
>
> The MAJOR problem is that ManFinancial's MTradePro order-entry system
> isn't connected to Man's back-office (I know it's hard to believe), so
> you get completely bogus reports on your current positions, average
> price, your current P&L, open P&L etc which can be quite confusing and
> may at times render your account untradeable (like when you have an
> imaginary loss of -$90k on 2 ES contracts with avg price of 0 etc).
>
> Much like PFG you quoted, Man showed no interest in fixing things in
> that regard. I wouldn't recommend them to anyone doing more than a 1-2
> emini trades per day.
>
> Phone support of ManFinancial is rather adequate in normal market
> conditions.
>
> Regards, Michael.
>
>
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