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Non-Tech : JB Oxford, Lombard, Etrade
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To: Ronald P. Margraf Sr. who wrote (376)9/3/1997 3:18:00 AM
From: FIFO_kid2   of 396
 
For daytrading activity I cannot recommend JBOH because of the poor and slow service that I have received on an order for 2000 shs of Voxware VOXW that was to be never filled on the open which I had a limit order at 4 1/4. The stock opened at 4 1/8 x 4 3/16 and closed at 4 7/8. That was final straw for them. JBOH service is adequate if you are a long term investor where you can get a market order on low volume situations when the bid/ask spread narrows to 1/16. I also had one bad execution before early this year which cost me $1500 at the open on a arbitrage opportunity that was misquoted and marked up 1 1/2 in a 30 second span. I also am not thrilled with their slowness on short sale procedures. In addition, they can't get it right with customer service issues (ie. request for a wire transfer, wrong addresses, and misleading statements . But I have to say NBD is the worst if you are looking for getting in at a good price. JBOH would always get me the better price in market and limit orders when you compare the two. Regardless,I am switching to PT discount. PT although more expensive, gives you the broker spread and offers instanet trading. VOXW was at 4 on instanet before the open and the $35 + 1/16 commission seem like a deal if your order can be filled.
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