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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study!
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To: jaytee who wrote (12346)2/12/2000 2:29:00 PM
From: Dan Duchardt  Read Replies (1) of 14162
 
jaytee,

MyTrack is not my broker. They are not registered as a broker in my state (CT), which I gather is not the easiest place to become registered. I might have tried them, and may still move an account there if they ever do get registered.

I don't pay a lot of attention to the broker capability, but I do know you can trade options (They recently authorized selling naked puts). I'm uncertain about the routing. You can get quotes from the separate exchanges, but I don't think you can select an exchange for execution. One hopes they will always route to the best price, but I just don't have any experience to share.

It may be semantics, but everybody uses "internet trading". MyTrack does run under proprietary software rather than through a browser, but everything still flows through the internet, and that sometimes causes problems. They have several different servers connected to at least 3 different backbones. You get randomly assigned to one at log on. Sprintlink.net is consistently bad. ALTER.NET is better, and cerf.net seems to be the best. I log off and try again if I get Sprint.

You can download the software for free, and run it on your machine for delayed data and "Contest Trading" that will give you a good feel for the interface. My feeling is they are a step above your typical online broker, but I really can't tell you anything about the speed for live trading.

Dan
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