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Jim You can trade options in your IRA at Brown & Co. Their telephone is
800-225-6707. I've traded for years and their executions are OK. I always
place limit orders.
Norm Wiss
cutup2@xxxxxxxx
-----Original Message-----
From: James Palmer <jamespalmer@xxxxxxxxxxxxx>
To: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>
Date: Thursday, March 30, 2000 9:50 PM
Subject: Re: Brokerage alternatives; Dreyfus OEX options
>CMA,
>
>I've used Dreyfus for my IRA account which is a fairly inactive account
and
>have had similar experience as yours, but I was recently considering them
as
>an alternative to Schwab for options, because their fairly good commision
>schedule. As I can't trade options in my IRA I've had no experience with
>their executions for the OEX. If you've traded options with them could
>you please rate them in that regard?
>
>Thanks,
>
>James
>
>
>----- Original Message -----
>From: CMA <cma6@xxxxxxxxx>
>To: <metastock@xxxxxxxxxxxxxxxxxx>
>Sent: Thursday, March 30, 2000 2:58 PM
>Subject: Brokerage alternatives
>
>
>> Best Executions:
>> I am a fairly active equity trader with an average holding period of
>about a
>> week. I have been using Dreyfus at $15/share. Good executions online for
>both
>> listed and OTC. They do send the listed orders to the NYSE and ASE, which
>is
>> fairly unusual. For OTC, DBS uses Trimark, as does half the Street.
>Executions
>> ir are fair to middling, e.g., you sometimes get to buy on the bid and
>sell and
>> on the offer, perhaps 40% of the time.
>> I am very comfortable with the financial soundness of DBS and the back
>> office has been good.
>> But one is always looking for better. Can anyone recommend a brokerage
>in the
>> $8-$10 range, which is self-clearing; is of decent size and financial
>> soundness;
>> has a good and responsive back office.
>> The main alternatives seem to be Brown and Co., Watley and Datek.
However,
>if
>> you read the comments on the Gomez website from users of these
>brokerages--
>> about the first two especially--these firms have been roasted for
terrible
>back
>> offices and unresponsiveness in correcting brokerage errors. The comments
>about
>> Datek have been more mixed. I would appreciate any input from those who
>have
>> used these firms or other alternatives.
>> CMA
>>
>> __________________________________________________
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>>
>
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