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Strategies & Market Trends : From the Trading Desk

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To: Robert Cohen who wrote (4449)	4/18/1999 5:05:00 PM
From: Mark Davis	of 4969

Another wonderful example of how , on Wall Street, the customer assumes all the systemic risk. How nice for the brokerages. How did that happen? Is this fair, or even reasonable? I don't think so, but it's the status quo. Maybe the next great online PR battle will be the brokers that are willing to stand behind their promises to execute customer instructions without fail, and without excuses. Sure that will cost them some bucks now and again, but they would probable get so much business it would compensate in spades. As is stands, there are altogether too many glitches, screw ups, failures, and a free $9.95 trade doesn't cut it.

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