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To: Ish who wrote (29585)	6/20/1999 10:10:00 AM
From: nihil	Read Replies (1) of 71178

Afraid someone was lying to you Ish. The NYSE or NASDAQ take less than a buck I've heard. About half of the commission goes to the customer's man, and the rest to support the overhead and firm partnerss' yachts (famous cartoon: where are the customers' yachts?), or at least once did. Most full-service brokers let their customer's men make big discounts from their share to keep their customers happy. Even so they can't compete. It's getting very rough on the poor FSB's now. Big account investors often get really excellent advice and the advice is well worth the commission. Most 100 share guys can't really benefit, and may actually do better with the e-brokers. There is also the question of execution. All all investors use the same small order computer system on NYSE and get the same execution. NASDAQ in the past has screwed everybody. I am trying to figure out whether it's worthwhile to make a claim under the current class-action. The pie is over a billion, but there are an awful of us ants at the table. I have to look up the slips on hundreds of trades. My time must be worth something.

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