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Strategies & Market Trends : The Final Frontier - Online Remote Trading
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To: LPS5 who wrote (8276)6/8/2000 9:35:00 PM
From: davealex   of 12617
 
I think this is all very amusing. I believe their marketing will attempt to appeal to traders by touting the age and reliability of the business -- "After 30 years of serving institutional clients in XXX countries, Instinet is now available to the individual."

They will probably attempt to call "the best liquidity of any ECN" because of the institutional participation. But if INCA is changing strategies, would institutions continue to participate in the same way they do today? Maybe there will be some fine print to "protect institutions" from the tattered masses.

As for the retail online and day traders, I believe the commission structure will be amusingly noncompetitive. I don't think there will be a grand defection from current direct access brokers. This company, while wired, is still a guardian bastion of the old economy and The Old Ways, compared to nimble little ECNs like ISLD and ARCA.

I have direct access to INCA through my broker, and I use it, but I would never leave my broker for Reuters. No way.

At any rate, if they do truly attempt to compete, their appearance should at least create some fairly interesting and heated panel discussions by ECN VPs at trading conferences.

Dave
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