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Lawrence: I believe TRAD is referring to futures accounts.
Regards, Jack.
----- Original Message -----
From: "Lawrence Chan" <stnahc@xxxxxxxx>
To: "Bilo Selhi" <citadel@xxxxxxxxxxxx>; "Omega List"
<omega-list@xxxxxxxxxx>
Sent: Wednesday, June 13, 2001 7:53 AM
Subject: Re: TRAD announces autoexecution
>
> --- Bilo Selhi <citadel@xxxxxxxxxxxx> wrote:
> > <snip>
> > TRAD announced today that
> > the autoexecution part of TS is ready to go...
> > 50K min account and commissions are
> > from 10-14 bucks per ticket.
> > intelligent order routing ( need to be verified )
> > clearing thru bear
> > not bad at all...
>
> 50K accounts for trading stocks?
>
> pure stats from public source (CNBC),
>
> 60% trading accounts in US are < 10K
> 25% < 25K
> 10% < 5K
> 3% < 10K
>
> BTW, those who hold accounts of size 50K and above,
> 70% of them are retirement fund accounts :)
>
> The size of the market TRAD is going after is
> pretty small.
>
> Even CyberTrader has a way lower requirement :)
> They lower the requirement quite a few times :) lol
>
> It is tough getting pro trader business these days.
>
>
>
> =====
> Lawrence Chan http://www.tickquest.com
> Home of trading tools NeoBreadth and NeoTicker series
>
>
>
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