|
PureBytes Links
Trading Reference Links
|
Thanks, Norm. I'll give them a call.
----- Original Message -----
From: Norman Wiss Jr. <cutup2@xxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Thursday, March 30, 2000 7:20 PM
Subject: Re: Brokerage alternatives; Dreyfus OEX options
> 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
> >>
> >> __________________________________________________
> >> Do You Yahoo!?
> >> Talk to your friends online with Yahoo! Messenger.
> >> http://im.yahoo.com
> >>
> >
>
>
|