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Pastimes : CNBC -- critique.

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To: Jim S who wrote (6535)8/28/2000 12:39:13 PM
From: Gary M. Reed  Read Replies (1) of 17683
 
CNNfn had that David Alger guy on this a.m. and he said his traders hate it because of the order error factor, which is something I never thought of. It does indeed make trading a little weird...on my order entry screen, I have up/down arrows which I can click to go up/down 1/16th at a time to enter orders...I guess now they'll have to redo the software to make it go up/down 1 cent at a time.

It will also be a back-office nightmare for the brokerage firms.
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