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-----Original Message-----
From: Victor Martindale <VMartind@xxxxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Wednesday, May 20, 1998 8:12 PM
Subject: Best Execution on NYSE?
>I day trade in San Francisco for a private company and would much prefer to
trade my own
>account at home. Our company has a seat on the Cincinnati exchange and
when I trade
>(only 5-8 Dow stocks) my orders go directly and immediately to a specialist
on the NYSE
>floor. Does anyone know of a service that is as quick and direct using the
internet,
>cable, etc.? Vic
>
>Nick:
We day-trade the Knife and SP500 and use a broker who in turn goes to the
pit trading our commodities. We usually get fills in less than 30 seconds,
sometimes faster. I do not believe that you will be able to get better
fills on the NYSE, as your company's seat on the Cincinnati Exchange
probably accounts for your direct access, along with the volume. What size
do you trade?
The internet, cable, etc, are, I feel, not as reliable as the phone but
could be as fast depending on conditions. I can give you several brokers,
if you like, but you probably already know about them. i.e., ZAP, Keystone.
Be glad to help if you desire some names.
Regards,
John O
jdfo@xxxxxxxxx
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