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I respectfully disagree about what our expectations should be. I want and
demand Ferrari performance at a Hyndyai price (or preferrably free). We as
traders take all the risk and create market liquidity. Why should we pay
high (or any) transaction costs in addition to the spread. Brokers add no
value to the markets via their role in transaction processing. I want a
completely electronic market that eliminates brokers entirely and provides
excellent fills in seconds. I believe we will see that pretty soon if
everyone speaks out.
Of course given the present situation Ron is right. If you want excellent
service you have to pay more.
Best regards
Bill Wood
> -----Original Message-----
> From: Ron Dawes [mailto:ron@xxxxxxxxx]
> Sent: Friday, April 30, 1999 8:17 AM
> To: Jim Allen; Sigstroker@xxxxxxx; Omega Mail List
> Subject: RE: Datek Online
>
>
> If you use one of the Datek Express servers, you don't have to
> enter a password each time.
>
> I think what everyone needs to understand is there are 2 classes
> of brokers. Web based, i.e. Datek, Ameritrade, etc. which are
> fine for occasional traders or those position trading. The other
> class are those for true daytraders who want in and out in
> seconds. These brokers use either RealTick III or CyberTrader
> software. Of course the costs are higher for such brokers but
> it's a matter of paying for the proper tools for the job. People
> should not expect Ferrari performance at a Hundyai price.
>
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