BOLT 3.01 (The Bressert Group). On-line futures trade entry software. by John Sweeney
And now, for something fun,
order up BOLT, which is
brokerage Bressert Groupís
real-time trading software.
It connects you directly to
their order desk with a messaging feature
I havenít seen before on the Internet.
The result? Two-second order responses
and, reportedly, depending on the pit, 10- to 20-second fills.
BOLT skips the usual route to automated
transactions (the trading order
placement systems, or TOPS), in which
your order has to queue up during busy
periods, be printed and walked into the
pit for filling, which can greatly delay
the instant fill order process. Instead,
with BOLT, Bressert Group can phone
in directly to all major US exchanges
whence orders are flashed to the pit.
Youíre still dependent on the give-up
broker, but both he/she and Bressert have
every incentive to give you the best service
they can. In case of disaster, you can
still call the order desk if your computer
or Internet service provider (ISP) goes
down because even though the Internet
is designed for redundancy, it is still not
immune to overload.