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I've used DLJDirect and have found a number of issues.
- Site relatively frequently inaccessible, particularly on busy days
- Hold times of 5-10 minutes on busy days! (They say they are staffing up,
but still...)
- Inability to complete some transactions online (e.g., covering short sale
on same day)
- System gets confused after about 3 changes to limit/stop orders
- Real-time holdings were completely wrong one day
- System enhancements are made available slowly (new releases seem to take
at least 6 months)
- Reporting system slows down on orders involving DIA and SPY, as
confirmations have to be entered manually
Other than this, I like them <g>
Jonathan Sibley
At 12:07 PM 2/4/99 -0500, Don Rea wrote:
>RT'ers, Attila,
>
>I'm considering WatleyTrader from A.B. Watley. $9.95 market and
>limit orders. The web site seems very responsive. A real person
>answers the phone within two rings every time. They also offer
>a professional trading platform (software).
>
>Does anybody out there use them? Anything good or bad about them?
>
>Don
>
>> Attila Antal wrote:
>>
>> > Good morning group, Etrade is down again and I think I had it.
>> Like to know
>> > some alternates.
>> >
>> > Thanks
>>
>>
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