JB Oxford, Lombard, Etrade Message Board

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Non-Tech : JB Oxford, Lombard, Etrade

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To: m. g. williams who wrote (254)	4/28/1997 8:13:00 PM
From: Randall Thomas	of 396

As a former Datek account holder, I can say that if reliably speedy fills in fast markets and around market open/close are of any concern, avoid Datek like the plague. It is my opinion that the 9.99/trade customers are used to add liquidity to Island, and marketable orders are NOT routed to SOES when they could be, since that would compete with their own in-house traders as well as Watcher customers. I have accounts with both Etrade and Brown & Co., and am happy with both, though I find Brown unusable for daytrading due to an odd aspect of their computer system which does not update account contents immediately, and therefore causes PCLine-entered sells of securities just bought to be thrown out to a human for manual lookup and reentry... (I know this for fact, have had multiple conversations with them about this. They know about it, have no current plans to change it; it seems to be an integral part of their system.) I use Etrade for all my stock trading at present.

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