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 16.44

+1.0%

Nov 26 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: CanynGirl who wrote (10504)	3/8/2000 7:35:00 PM
From: Quinn Dunlop	Read Replies (1) of 13953

According to my sources, this month they will begin a pilot testing program for a number of premium accounts. There are obviously some customer order routing issues that need to addressed before they fully roll it out to all etrade customers, like: * Access to the full ARCA order book. Etrade customers will be at an extreme disadvantage if they route their orders to ARCA w/out viewing the order book. Specifically to illiquid stocks without much ECN volume. If Etrade gives access to 'static' ARCA quotes such as their Instinet implemention, then they are going to have many unhappy customers. * ARCA is a great tool but is last resort of most daytraders when it comes to order routing. ISLD has at least a 10-1 liquidity advantage. Yes, ARCA uses Selectnet to hit all ECNS like ISLD. But, in a lot of cases goes into Selectnet preference HELL to the MMs who can have up to 30 seconds to execute an order -- that is a long time. ISLD is still my number 1 choice. I still rather have all my order routed to Etrade's MM's. But, in some cases where the MMs turn their auto-execution systems off, would like to have access to ARCA if implemented properly by Etrade. QD

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next