Day trading in Canada Message Board

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Gold/Mining/Energy : Day trading in Canada

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To: The Devil Dog who wrote (3441)	6/23/1999 9:58:00 PM
From: Vitalsigns	Read Replies (1) of 4467

Pc Quote execution time. I have been using Pcquote system for 6 weeks now and I must say I am very happy with the system. Once I press the Buy Button the trade is sent to Schwab ,they approve it and it goes to the floor. It takes Aprox 2-5 sec from my computer to get approved then between 15-45 sec to get to the floor. I have had discussions with both Pc quote and Schwab on time differences and from what we can tell the problem must be with the T.s.e network jamming up .It's an old IBM system that links all institutions together to perform trades . Once my screen shows the order in red it means it has been sent to the T.S.E. It is always red in 2-5 sec. So there is no reason for the differences in send times to The T.S.E... They are looking into it but in the meantime I always allow 45 sec execution just in case. BY the way it's a great improvement from the 20 min execution I had at Scotia. P.S confirmation are within 60 sec. Hope this helps Vitalsigns

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