You missed my point.
First, I don't day trade.
If the regulators don't change, then the banking industry MUST cope and provide a service that is acceptable, not 15 minute fills, not 10 minute fills, I want less than 5 minutes, preferably 2-3 minutes consistent.
When I transferred my accounts to on-line brokers, I was sold on the fact that orders would be 3-5 minutes. FACT.
If full service brokers, who most are just order takers, can get trades done in 2-3 minutes, why can't the on-line brokers?
Money the banks are making is not an issue if the service was there, but it's not there. So why don't they spend the money and give us better service?
Like I said, if we were allowed to have US accounts and trade in the USA, instant on-line fills, the regulators and banks would join the party in a heartbeat.
The blame is on both sides, regulators and banks. However most of the blame is on the banking end, for not coping with the situation. |
