The Final Frontier - Online Remote Trading Message Board

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Strategies & Market Trends : The Final Frontier - Online Remote Trading

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To: steve goldman who wrote (2927)	2/10/1998 4:07:00 PM
From: TFF	Read Replies (1) of 12617

Steve: And I thought Robert Graham had long posts;) Steve could you describe a typical call from a trader(client) to your firm. What I am getting at is how quickly you will execute the order. I know that most firms will go through this garbage of pulling up your account, getting the quote, giving you the bid/offer, then repeating the trade back to you to confirm THEN putting the trade in. usually by the time this is done the entry point may have been missed. As a broker I had the luxury of phoning the trader and saying, " Sell 1000 XYZ @ mkt now" and within a second hearing him say "done". I have used both methods and I can tell you from experience that the former just doesn't work for me.

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