Well, they keep changing the stuff, don't they? Perhaps your earlier iteration of Norton interacted differently with your earlier iteration of TWS. Or, yes, perhaps another factor was at work. A software expert I am not I do know, however, that I was only able to acheive "non-twitchy" TWS performance once I had uninstalled TWS, uninstalled Norton (SystemWorks), reinstalled TWS, then reinstalled Norton, in that order. To the best of my knowledge, all other variables remained constant -- although perhaps it was some root directory thingy or other bit of computer code arcana that somehow corrected itself. I don't know.
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Best futures broker
- Thread starter eagerbeaver
- Start date
Well, they keep changing the stuff, don't they? Perhaps your earlier iteration of Norton interacted differently with your earlier iteration of TWS. Or, yes, perhaps another factor was at work. A software expert I am not I do know, however, that I was only able to acheive "non-twitchy" TWS performance once I had uninstalled TWS, uninstalled Norton (SystemWorks), reinstalled TWS, then reinstalled Norton, in that order. To the best of my knowledge, all other variables remained constant -- although perhaps it was some root directory thingy or other bit of computer code arcana that somehow corrected itself. I don't know.
Quote from FredBloggs:
yes the risk management at berrings was a joke, but what has that to do with refco llc the futures brokerage?
one had a prop division that it didnt understand, the other was a brokerage (REFCO LLC) taking minimal risk on customer positions. THIS WAS NOT THE CASE FOR REFCO INC of course!! but that wasnt risk management systems or lack thereof that were the issue, it was just old fashioned greed, dodgy accounting and fraud.
refco inc and refco llc are not the same company, although refco llc was part of refco inc.
refco llc the future brokerage never went bust and all customer funds were and are safe.
if refco llc is such a dodgy outfit, how come it is being sold for almost twice its cash value?
hmmm.
refco inc went bust, with all the hits being taken on unregulated funds.
what happened at refco is more of an argument FOR trading futures in segregated accounts (refco llc) v trading forex in an unregulated industry like otc (refco inc or refco capital markets).
why is everyone so worried about futures brokerages here, when we have proof that the regulations in place actually work?
i think what happened at refco is more of an indication to how safe your cash is when held in regulated brokers with segregated accounts.
ie stay away from fx/otc
This account is not factually correct. Poor risk management, at the Refco futures operation, Refco LLC, played a major role in the collapse of the parent company.
Refco LLC, the futures broker, had a long history of lax risk management, which led to spectacular uncovered customer losses during the financial crises of the late 1990s. These losses were concealed by transferring them to the parent company, and then by shifting them back and forth between the parent company and other conspiring entities. The scheme for shuttling these losses to and fro, and for continuing to conceal them, finally unraveled last fall, and this was what triggered the collapse of the company.
It seems possible that Refco would have gone bankrupt in the late 1990s, and wiped out at least some of the segregated customer funds on deposit with Refco, if it had not been for the temporarily successful conspiracy to conceal the losses.
It is also untrue that all customer funds are safe. Jim Rogers, and other customers of the Refco futures broker Refco LLC, are suing Refco for transferring their funds from segregated futures accounts to unsegregated accounts at other Refco companies, which then lost the money in bankruptcy. The amount in dispute is roughly one billion dollars. If these accusations are true, then Refco futures customers did lose a billion dollars. So it is incorrect to say that everybody came through OK.