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Strategies & Market Trends : DAYTRADING Fundamentals
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To: Time Traveler who wrote (4616)10/3/1999 10:38:00 PM
From: Dan Clark   of 18137
 
TT,

Actually these should more properly be called ECN fees. They apply to all CyberCorp systems.

IMO, CyberTrader is aimed at the traders who like a complete, integrated system. Data, charting, OE in one package. CyberX is aimed at the trader who likes to "roll-your-own". I.e, pick and choose the components that they like. Some people use QCharts. Some use eSignal (don't know why). Some use other tools.

Also, CyberTrader's fee structure is oriented to the trader who makes lots of trades. CyberX is $14.95 per trade, starting at quantity 1. To get to the $14.95 per trade level with CyberTrader, you would need to execute 600 trades per month. CyberX has no data fee per month. CyberTrader has a $250/month data fee until you reach 100 trades per month. I think that CyberX appeals to short-term position (30 seconds to several hours) day traders and multi-day swing traders. CyberTrader appeals more to high volume scalpers (few seconds) to maybe short-term position traders. CyberX and CyberTrader are aimed at different types of people (IMO).

Keep in mind that CyberTrader has been around much longer than CyberX. I think that CyberX was launched in April of this year. You will probably see cross-pollination of the systems in the future.

Hope this helps.

Regards,

Dan.
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