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Non-Tech : MB TRADING
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To: SkyDart who wrote (2259)11/26/1998 7:36:00 PM
From: H-Man   of 7382
 
Schwab randomly re-directs orders for manual review. sux, that was most likely the delay. they just shrug their sholders. Also, a short order must be manually reviewed to see if it is available to be borrowed. I guess they have to slide some disks on the abacus when you short a stock.

Despite one of the responednts suggestion, these facts make executions at Schwab a problem. When a minute is a lifetime, such ancient practices cannot be tolerated. It is nice to have Mayer & Schwietzer work the order and represent you to the market, you can do the same thing that they would do with a MBT.

Another serious problem is the order status/change/cancel screen, their new improved screen has 3x the bits and takes accordingly long to load, often 1-2 minutes on a 56k modem. When it is loading everytining else shuts down. So on a fast moving stock, you could get nailed just waiting for status.

What is ironic is that when you sign up they make a point out of the fact that they are set up for the "active trader". lol
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