|
PureBytes Links
Trading Reference Links
|
Read my post again. I had market orders take 20 minutes to fill, and
priced orders were rarely filled as quickly as vendors imply, seldom in
30 seconds. Using serious professional tools, many traders can be in
and out in less time than that.
I think that it is much more common that you can be serious about
trading, hunt for what suits your needs, get flim-flammed by marketing
sunshine, realize what is being offered doesn't work like the illusion,
and move on. As far as our experience showed, Datek was not adequate
for serious professional use.
What a great day it will be when the software merchants are made to
match what is IN the box with what is on the OUTSIDE of the box.
Jim Allen
Sigstroker@xxxxxxx wrote:
>
> Read my post again. I said limit orders. I said nothing about market orders.
> Market orders are Selectnet broadcast. I used the Express page which needs no
> confirm. If you're serious about trading, you have to make the effort to find
> out how your chosen system works.
>
> In a message dated 4/30/99 7:57:04 AM Pacific Daylight Time,
> jallen7@xxxxxxxxxxxxx writes:
>
> > Experience suggests otherwise. One has to type in the order, then send it,
> > then fill in the super-secret password, then wait while that goes through.
>
> > 20
> > minutes to get a market order filled?? I don't recall ever seeing a fill
> in
> > less than 30 seconds and most of the time longer than that... if you're
> > doing
> > it, great, but we never could get it to work that way.
> >
> > Jim Allen
> >
> > Sigstroker@xxxxxxx wrote:
> >
> > > Say what?? Delayed while a computer checks your password? Like for a
> > > hundredth of a second? Nasdaq limit orders are either instantly filled or
> > > posted on ISLD, the most liquid ECN there is. Unless they're having
> system
> > > problems, it's all accomplished in 5 to 10 seconds.
> > >
> > > In a message dated 4/29/99 3:02:27 PM Pacific Daylight Time,
> > > jallen7@xxxxxxxxxxxxx writes:
> > >
> > > > Your orders are routed to their trade desks, not directly to the floor,
> > > > so they can screw you on the fill, I believe. Every order is delayed
> > > > while the computer checks your password, which you must enter each
> > > > order, and status of your account. For active traders this is
> > > > unacceptable.
> > > >
> > > > It's for amateurs, not professional traders.
> > > >
> > > > Jim Allen
> >
|