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Non-Tech : Web Street Securities (WEBS)
WEBS 19.72+0.2%Dec 3 4:00 PM EST

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To: Esteban who wrote (106)11/23/1997 12:49:00 AM
From: Tech Investor  Read Replies (1) of 1339
 
Esteban:
Thanks for your answers, I think you answered all my concerns and questions about web street.
What I was worried the most about web street is how they are going to make money off of customers with their $0 commission. I had thought the only way they can make money is to route our orders to a particular Market Maker, and make couple cents off every share they route. Do you think, that web street still routes orders to the three MMs (Inca does not really count as MM)? From what you told me, this is the case (am I understanding you right?).
I am very much fond of datek7, but I think with Level 2 and streaming quotes on web street, even if I dont trade using it, these will still be very useful tools. Not to mention, the first 10 and last 10 minutes, datek is usually dead ;)

thanks for you info :) From what you have told me, I am definitely looking forward to doing business with them.
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