Day trading in Canada Message Board

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Gold/Mining/Energy : Day trading in Canada

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To: BradC who wrote (2974)	4/27/1999 5:02:00 PM
From: keith massey	of 4467

Got back my response I have a better reason to ignore RJ Forbes Group I wrote Dear Linda Pattnosh Thank you for you quick response. In Canada, online brokers must follow the "know your client" rule which requires that each trade must be checked by a registered broker. This result in trading delays of several minutes (up to 15 min) after an order is placed. I am interested in your firm for trading both Canadian and U.S equities. Could you please provide me with average fill times during busy market periods for both Canadian and U.S equities. Could you also provide an estimation of the time required to confirm that the order was filled. Thank you in advance. They wrote Thank you for your inquiry, Responds to your questions, average fill during busy market hours is 5 mins. about 1/2 to confirm order was filled during busy market hours.... Sincerely, RJ Forbes Group Yikes....they even admit taking 5 minutes. Imagine what time it really takes. Best Regards KEITH

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