E*Trade (NYSE:ET) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : E*Trade (NYSE:ET)

ET 16.41

-0.3%

3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Lizzie Tudor who wrote (8923)	10/14/1999 8:10:00 PM
From: Tom_	Read Replies (1) of 13953

Re EGRP's pricing structure... Hi Lizzie! (When did that happen; is it a Cate Blanchette thing?) Me: Perhaps more to the point, EGRP customers don't seem to be generating much more commission income than SCH customers You: Sure but the pricing structure accounts for this, right? EGRP commissions are already rock-bottom, eventually SCH will have to follow suit. I take your point, but I'm not so sure EGRP is rock-bottom. It's still $15 limit/$20 market vs SCH's $30. You have to do 30 trades a quarter to get to $10/15 and 75 trades to get to $5/10. I suspect those average SCH and EGRP customers, who pay $60 per quarter in commissions, are 2 trades in three months for the schwabbie and 3 (or 4) for the groupie. Hardly a "much much more active" situation. You are IMO absolutely right about a healthy SCH benefiting EGRP. SCH and EGRP seem to me to move more or less in tandem; which was what generated my curiosity about the quarter's numbers in the first place. Why hold both of them, I asked myself. How about holding one and diversifying into another sector. Best wishes, Tom

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next