|
PureBytes Links
Trading Reference Links
|
Since we are at it, for someone seeking good fills, good reliability at a low
cost for sizes in the $5000 per trade, what would your recommendation be for
online brokers (which would also accept telelphone trades) on Nasdaq and Nyse
stocks? Is CyberX really worth it? I got somewhat cooler on them since their
e-mail never worked and their web site CGIs never worked, and they did not want
to accept the fact I had such pbs... Somebody telling you there is no pb when
you obviously have a pb (all e-mails returned) is not inspiring trust...
Thanks,
Gwenn
| -----Ursprungliche Nachricht-----
| Von: William R Wood [SMTP:wr_wood@xxxxxxxxxxxxx]
| Gesendet am: Wednesday, October 06, 1999 2:27 PM
| An: Perthuis@xxxxxxx
| Cc: Omega Email List
| Betreff: RE: CyberX/Tradecast/Real Tic
|
| You are confusing CyberTrader, a direct access trading platform with L2
| quotes, with CyberX, a direct access trade execution program with L1 quotes
| marketed to compete with traditional online brokers like Etrade Ameritrade
| etc. My question was and is, has anybody used CyberX or anything like it
| and is it, in fact, better than a regular online broker in terms of
| execution speed. I question their claims about execution speed since my
| online broker fills me at the ask almost every time for a lower commission.
| How can the direct access system beat that.
|
| I also would reinforce what Robert said. I exit every position with stops.
| Have placed about 100 this year on NASDAQ issues. Waterhouse, my online
| broker, filled all but 2 at my stop price. The 2 misses were only 1/16 off.
| Many of these stops were filled weeks after they were entered and while I
| was on vacation. Stops work perfectly on NASDAQ as well as NYSE stocks.
|
| Bill Wood
|
|
| > -----Original Message-----
| > From: Perthuis@xxxxxxx [mailto:Perthuis@xxxxxxx]
| > Sent: Tuesday, October 05, 1999 7:46 PM
| > To: dsj000@xxxxxxxxxxxxxx; wr_wood@xxxxxxxxxxxxx; omega-list@xxxxxxxxxx
| > Subject: Re: CyberX/Tradecast/Real Tic
| >
| >
| > You speak the truth here. The responsibility when using the high powered
| > execution systems, such as Real Tick, should lie with the trader. This
| > trading, whether active or inactive, is not a passive activity. These
| > commercials that show the guy playing golf when his pager goes
| > off and his
| > computer then executes the order are bogus!!! If you are an
| > active trader,
| > driving a software that is similar to a race car, then I would
| > not even want
| > the capability to put on cruise control.
| >
| > << I believe that several of your demands are not reasonable. >>
|
|