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Strategies & Market Trends : DAYTRADING Fundamentals

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To: TraderAlan who wrote (8318)5/6/2000 2:31:00 PM
From: Dan Clark  Read Replies (1) of 18137
 
Alan,

Regarding, "There is a strong conflict of interest between the direct access broker and their customers.", I agree with you completely IF you eliminate the words "direct access". In terms of conflict of interest, this applies to all brokers. Encouraging customers to churn has always been a problem with brokers. The only difference that I see is the amount of profit for the broker per trade, the number of orders and the methods of entering orders. The churning problem is NOT limited to direct entry brokers.

Regards,

Dan.
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