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Strategies & Market Trends : From the Trading Desk

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To: Mike Schoonmaker who wrote (2497)2/1/1998 9:17:00 AM
From: steve goldman  Read Replies (2) of 4969
 
Schoonie,

You know my position. When you are dealing with hundreds of thousands of dollars of stock, nothing could be more important than a quality execution. My position, and probably will always be, that a firm such as ours will outperform ANY online firm, hands down, for about $20, $25 more per trade. For a trader doing 15 trades a day (if such an online trader does exist), yes the 20 is a lot. But if you can get the order handled properly, the more than occassional price improvment, guidance, order protection, its well worth it.

As far as stop orders go, I am surprised datek doesnt goes off prints. It seems like a pretty simple change in their computer systems. Also, when you order becomes active, do they simply offer it up to ISLD or will the system go onto the nasdaq circuit and SNET it to whoever is bidding.

Regards,
Steve@yamner.com
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