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| I am not sure what exactly you are looking for but MAN Financial has a platform for placing orders electronicly. You can select which pit (on CBOT) meaning electronic or open outcry. May want to do a web search for them.
If you make a mistake and it is electronic, it will cost you. This has happend in the recent past and from the way I understand it, here is how: Example, if you wanted to buy corn 25 cents lower than where it is today, and place a standing (GTC) order so when and if the market goes lower you would be filled. When you enter the order, if you hit "sell" on accident, the order would more than likley get filled, because someone else may have a resting order to "buy". It is your error, your mistake, and could be big $$. In the electronic, orders are matched by the computer. If it is open outcry, chances are the floor broker may catch it (maybee not). If you trade through a broker, and give your order verbally to him/her, they probably will catch it.
When you fill out the account documents there are additional forms to fill out for the trading platforms and they put the burden of risk on you.
If you know what you are doing, they should work fine
Hope this helps | |
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Looking for a Firm for Etrading commodities
