Hi Philip!
Checked out your site last nite! Very nice!
I had asked these on The Frontier Thread but felt they were more appropriate here where questions are being posed about your firm specifically. I would appreciate your answering so I can get a better understanding of the type of firm you have and what you offering participants of this thread: Hopefully this will give us a clearer picture of what differentiates your firm from other online firms?
The questions don't clearly differntiate between cybercorp and cybertrader, but feel free to distinguish when you see fit.
1. How long have you been in business? how many accounts do you have? How many employees? what kind of redudancy have you built into your servers?
2. Could you please describe the physical steps/paths which an order takes when entered on the various systems and for various exchanges...is it routed to your servers to check balances, then rerouted through an inhouse match then onto the nasdaq circuit or down to nyse?
3. Is there any trader intervention or ability for your firm to get price improvements for clients in a fast moving market? Are there any traders to give adviceor present strategies, scenarios, what-if situations?
These are more cybertrader oriented:
4. Are orders routed to market makers, principal firms or other third market makers?
5. Does your firm make markets or act as principal?
6. Do you get order flow compensation for routing orders? If so, to whom do you route orders? What sort agreement do you have with them? What kind of inside picture, size, are they looking for? Will they be compettive with the NYSE quote regardless of size?
7. How do you handle listed stocks? Are the orders sent down to the floor on the superdot system? or are they route to third market makers or are they sent to a floor broker to hold in the crowd, off the book?
7. When did you get your BD? Did you acquire it or buy it? If acquired, what was the name of the firm from which you acquired the Bd?
Anyway, given this, we should have good idea of what your firm brings to the table for online investors. I personally would love to know the answers to some of the questions.
Best wishes with your business venture!
regards,
steve@yamner.com |
