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Non-Tech : eSchwab
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To: Bill L. who wrote ()9/18/1996 2:54:00 PM
From: Vijay Mehta   of 76
 
I am thinking of switching to eSchwab, but wanted to find out how they handle open orders. Do they require you to commit funds which total all of the open orders (as E*Trade does) for you to have any of the open orders to go through?

As an example, let's say you put in $10,000 in cash and then place an open buy order for 100 shares at $70 and another open buy order for 100 shares at $60, will either of them go through when the limit price is reached? I tried doing this with E*Trade, which unceremoniously rejected the second order.

Vijay
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