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Non-Tech : Datek Brokerage $9.95 a trade

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To: Sir Francis Drake who wrote (12405)6/8/1999 10:02:00 PM
From: Ed Forrest  Read Replies (1) of 16892
 
Interesting read:

Performance index for online brokers
Internet traffic analysis firm Keynote Systems said it has created a Web Broker Trading Index to measure the average time required to create stock buy orders on 15 popular online trading sites from 10 major metropolitan areas around the United States. It's the "only true way to measure and understand service levels because it's done by an independent third party and measures a real transaction," said Peter Sevcik of Northeast Consulting Resources. In the initial survey, conducted June 1 to 4 during trading hours, Dreyfus was the fastest Web broker at an average of 7.47 seconds per transaction, while Brown & Co. delivered the highest overall transaction success rate at 99

Ed Forrest
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