You were probably in another league than me, but back in the early 90s (before Internet was even on anyone's mind), you really had to literally call in to place your orders. How many people even care to remember that? All for $50 a pop. Today, with just a click of the mouse, everything is done for you. And it costs just a fraction. Nobody should be complaining.
exactly and the longer it took to get your confirmation back the worst the fill was going to be them chi town crooks! lol
It is not AMP servers that do the trade executions. It is Rithmic/CGQ/TT etc. AMP is not like IB, IB do everything: brokerage, clearing and order execution.
i tried the jack of all trades IB many times so i like the specialty shops much better. i sometimes need customer service and i get that at AMP.
lol... I remember that... back in '95 (as I recall). No micros and no e-mini. Don't remember what it cost to trade, but do remember having to call in my trade to Chicago... and Signal (no eSignal at that time) and taping that FM antenna up on my patio door to get quotes. I had never traded or even bought stock before. That experience was like cutting my teeth on razor blades!! Needless to say, I didn't last long back then. lol
that's only partially correct. Every order needs to go to your broker for the risk check. So even the fastest execution venue will be turned to shit if your brokers server is a potato with wires
You may be right. But i get the feeling that the risk management server could well be hosted by and closely integrated with the execution platform. With the broker/clearer having real time control and full admin rights over each of it's customers accounts on the risk management server. Thats sounds like a better way of doing it vs the execution platform constantly pinging the broker's servers for risk checks.