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Strategies & Market Trends : DAYTRADING Fundamentals
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To: Matthew L. Jones who wrote (4089)9/16/1999 7:04:00 PM
From: BenThair  Read Replies (2) of 18137
 
It never ceases to amaze me how people who have obviously never used a good trading platform with a direct access brokerage continue to criticize it as costly. If the only advantage is getting you away from a broker with a conflict of interest (receiving payment for orderflow and hence working harder for the contra party to your trade than for you) it is worth the added expense.

You are correct in that many people have not used a good system. However, I do have a question. In looking for a direct access broker, I am being told that as of August, you must have a Series 7 licenses to use a direct access system. Is this true?
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