Funk,
It turns out that CyberCorp processed 19,196 tickets per day during December. Not "over 20,000", but not chump change either.
Also, regarding, "MBT's short list is 12 to 15 hundred names longer than cyber's and mbt is always ready to get short shares during the course of the trading day upon request via the internet or phone"... Where do you get this information? How do you know that it is correct?
At any one point in time, Cyber or MBT may or may NOT have shortable shares. I've had good luck with CyberCorp's short list. But, if Cyber shows the symbol as not having short shares, a quick message using the internal communicator results in the shares being available many times. Typical response time for me has been 1-2 minutes. I don't know how this compares with MBT, but it works pretty well for me.
Regarding "MBT is still costs less than cyber and watley.", this is no longer true. Currently CyberTrader costs virtually the same as MBT. CyberX is $14.95 per ticket, quantity one! Further, with CyberCorp (CyberTrader or CyberX) the Five-minute Fill Policy reduces overall commissions compared to MBT. For instance, with MBT, if you scale out of a fast moving stock by making two trades that are 2 minutes apart, or if you get the dreaded partial fill and have to cancel and re-enter your order to get filled you will pay TWO commissions. With CyberCorp, you pay ONE commission.
Also, whether CyberCorp or MBT is first at anything is irrelevant. I want them to be BETTER. Digital Equipment Corporation created the first mini-computer. Remember DEC? Yeah, they no longer exist! Customers typically want to know what a vendor has done for them lately and don't care who was first.
I look at CyberCorp and MBT as two vendors of a service which I need. If I find that one fills my needs better at lower cost, I'll switch. Frankly, Cyber meets MOST (not all) of my needs better. If the people at MBT got off of their tushies and were more aggresive about improving their software, I might go to them.
Bottom line... Hype doesn't do it for me, regardless of source.
Regards,
Dan. |
