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I don't want to bash on third hand information, but I had a very
interesting conversation last week with a sales engineer for a network
hardware vendor who found Ameritrade was basically throwing lots of
hardware at a software problem with their network design, and at the
time (about a year ago) was unwilling to acknowledge that they needed to
re architect the software they were using.
I am also a network engineer, and based on what I was told, I personally
would not feel comfortable relying on their back end system to execute
my trades. Unfortunately, this sort of design information is not the
sort of information any trading firm would normally publicize, so I
don't know how good any other firm's infrastructure is either.
"Theo E.M. Lockefeer" wrote:
> Thanks for the info Vitaly, Think Datek (sometimes also problems) is
> perhaps better then Ameritrade( didnot experience the sort of problems
> you had). Theo Lockefeer. ----- Original Message -----From: Vitaly
> Larichev <vitaly@xxxxxxxxxxxxx>To: <metastock@xxxxxxxxxxxxx>Sent:
> April 10, 2000 2:28 AMSubject: Re: Brokers : Amertrade expirience>
> Theo,
> >
> > After having Ameritrade's account for about 4 years, now I am
> considering to close it. My
> > only, but big for me complaint is that confirmations are very slow -
> typically more than
> > 1 hour (the last time when I placed orders with Ameritrade was late
> last year, cannot say
> > if there are recent improvements). Although I am not a daytrader,
> yet it means in practice
> > I cannot correct my order - for quite a while you don't have a
> slightest idea if it was
> > executed at all and at what price if it's at market.
> >
> > Cheers, Vitaly
> >
> > P.S. Sorry, could not respond earlier having problems with my ISP
> vs. Metastock List
> > server.
> >
> >
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