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Strategies & Market Trends : The Final Frontier - Online Remote Trading

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To: TraderAlan who wrote (6750)	3/20/1999 3:37:00 PM
From: Eric P	of 12617

Alan: I think you make a very good point. If I could find a discount payment for order flow broker, that would guarantee me a 5 to 10 second fill every time at the inside bid or ask ==> I would move my account in a heartbeat. In a fast market, however, I suspect the market makers used by the payment for order flow brokers will sit on your order for 1-2 minutes, sometimes costing you 1/2 point or more. I would be interested in hearing from anyone who uses a payment for order flow broker. How fast are the executions when trading an active stock? Typically 15 seconds? One minute? More? -Eric

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