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FWIW, my prognostication is that progressively within a year TRAD will be
able to deliver or provide an online trading application and service that
integrates stocks, futures, and options on both. Other asset classes such as
fixed income and forex may also be in the pipeline. If they can achieve such
a goal, then it's likely they'd be the only player offering such an advanced
interface. TS Pro will soon envelope and considerably enhance the
functionality of the current version of Pro Suite.
The timeframe for TRAD to meet their challenge is of course dictated by
their financials. On the surface its looks like their current burn rate is
approximately $4mm a quarter, and their quick ratio reserves are about
$20mm. Seems like their challenge is to balance their attention between the
ticks of the clock and the ticks of the market. I hope they make it,
otherwise what else is there?
Colin West
cwest@xxxxxxxxxxxx
303-785-1702 (direct)
-----Original Message-----
From: Jack Zaner [mailto:jz@xxxxxxxxxxxxxx]
Sent: Wednesday, June 13, 2001 2:35 PM
To: Lawrence Chan; Bilo Selhi; Omega List
Subject: Re: TRAD announces autoexecution
Lawrence: You may be right-- I read this post
http://biz.yahoo.com/bw/010612/2099.html
from John Lothian and it seemed to indicate that TRAD was about to launch
their auto execute futures brokerage as well.
Regards, Jack.
----- Original Message -----
From: "Lawrence Chan" <stnahc@xxxxxxxx>
To: "Jack Zaner" <jz@xxxxxxxxxxxxxx>; "Bilo Selhi" <citadel@xxxxxxxxxxxx>;
"Omega List" <omega-list@xxxxxxxxxx>
Sent: Wednesday, June 13, 2001 3:18 PM
Subject: Re: TRAD announces autoexecution
>
> It is stock brokerage - just checked their site out.
> They do not have future data yet.
> And do not have exact pricing for future order
> execution.
>
> -Lawrence
>
>
> --- Jack Zaner <jz@xxxxxxxxxxxxxx> wrote:
> > 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
> > >
> > >
> > >
> >
>
>
> =====
> Lawrence Chan http://www.tickquest.com
> Home of trading tools NeoBreadth and NeoTicker series
>
>
>
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