AC Markets

Does any one have an account with AC Markets here ?

Yes, I have one with them.
The system is ok, easy to excute - one click.
Java platform and good charts.

Is there any concern that they are tied up in the Refco case ?

Refco owned 51%

When I called they said they had done a new share issue, which returned their in house holding to 75%. Not sure how they can do it without the vote of the 51%.

Yesterday on Bloomberg ticker it said they were attempting to buy back the Refco portion.

Do you currently have funds with them ?

their relationship with Refco has no bearing on their financial situation, Refco just owned some of their stock. ACM is a great broker, i traded with them for a year or so and i have nothing but good things to say about their operation.

Refco owned 51% and AC Markets are trying to dilute them to 25% though Refco have tried to get an injunction, in Geneva. Not sure the status of it.

The question is, if Reco remain on 51% are client funds at risk ? Probably not. They would sell their 51% to the highest bidder, which would effect the directors / staff though should not make much differenct to the clients, of which there are 7000.

Google Refco Geneva to see recent stories in the financial press on this.

Merlin - I would love to speak with you about AC Markets - Can U PM me if this is OK. I can't seem to send you a private message.

Just wondering if anyone here, who has a live account with ACM, places orders prior to news data releases ?

Since the warrentee fills and no slippage, there must be times when if you are on the right side, you can get an easy trade in.

I am just wondering if they widen the spread after your entry in this situation.

Yigal

I am aware of what they say on the web site.

Have you any practical experience of placing a pre news order, which gets filled, even when the market has moved well past your order ?

Hag