Praise to AMP they deserve it.

[rb7]

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.

Yeah, The good old days!!!

I remember I had to call my broker for my orders (with a real wired phone!), and also to get the real-time market data prices. Day trading futures was hard at that time. For one in-and-out position, I had to call my broker like 20 times...
Getting a real-time terminal (CQG was one that exist at that time) was reserved for the pros.

I also remember a big loss trading the Deutsch mark future, somewhere in 1990.
I think the comm was like 35$ per trade per contract.

 

[MrMuppet]

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.

This way the broker would have to setup a server close to every single OMS - provider they offer which doesn't make sense regarding the commercials. There is a reason why you don't trade EUREX products through an US clearer and CME - Products through an EU clearer. To minimize latency, you always have to chose a clearer that is close to the exchange or co - located at best.