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I agree, and there are so many details beyond or marginally
under TRAD's control: bad ticks, bad orders, etc. With the
current state of E-markets and data I wouldn't turn my account
over to my 'puter and/or Bill and Ralph. Would you fly the
Concord with no pilot on board and the Cruz crew playing with
the joy-stick on the ground?
It'd be nice to have something like this "park" the orders and
then you single click to send on TS4....
BW
>From: DH <catapult@xxxxxxxxxxxxxxxxxx>
>To: Omega List <omega-list@xxxxxxxxxx>
>Subject: Re: TRAD announces autoexecution
>Date: Thu, 14 Jun 2001 07:48:52 -0700
>
> > 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.
>
><rant mode on>
>
>FWIW, my prognostication is the very best TRAD can hope for is to
>achieve the quality of IB..... great when it works but you're SOL and it
>costs you big money with no recourse when it doesn't.
>
>There's a lot more to being a good broker than providing flashy looking
>software. For starters, the software and computer infrastructure should
>be 100% reliable (belt) and, when that fails, there should be a good
>phone backup (suspenders) where you promptly get a real broker on the
>line, not some techno nerd who tells you to reboot your computer and try
>again. Would anyone seriously consider trusting their trading account to
>the Cruz brothers? Do you believe they will make it right when they mess
>up and cost you money? I sure as hell don't. It would be like putting
>your life savings in 'Crazy Joe's Used Car Lot and Savings Bank.' :-)
>
><rant mode off>
>
>--
> Dennis
>
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