|
Quote: |
|
 |
|
|
Note guys that IB does not provide native stops in pretty much all the markets we trade. TradeStation I doubt provides native stops, they don't even have GTC orders for any futures...how pathetic is that. I found a broker called OPEN E CRY and they claim to offer exchange native orders. I'm curious if anyone has used them for order execution or knows how well capitalized the corporation is. |
|
|
|
|
Every broker has its own idiosyncrasies, Bear. OEC is no different here.
I've posted elsewhere in this forum about Open E Cry and their operation - search and you'll find it.
If speed to market is your thing, then the OEC Trader platform is a smidgen slower than other platforms, like Innnfinitty AT, for example. Side-by-side, you'd notice the difference. Which is surprising since OEC is a fully-licensed FCM in its own right, not an IB, like Innnfinnity. (Misspelling
intentional).
One thing that OEC is good for however, is Pit-Traded contracts. You can do these using the same OEC Trader platform and DOM that the Electronic contracts are traded on.
And if the pit and electronic contracts are fungible, you can exit one with a trade on the other. Excellent backup to have when the eCBOT crashes, and you need to exit your position, say, in the 30 year bonds.