PYNG Technologies Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : PYNG Technologies

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Justin Curran who wrote (842)	3/14/1998 4:59:00 PM
From: Patrick	Read Replies (1) of 8117

Justin, A word from the me.. the ignorant... beware... my little knowledge is dangerous. I once asked USA-based Charles Schwab the question about the ticker symbol followed by an F. They essentially said something like... this is a quote service that they use for non-US exchange trades. The trades quoted are originated by US brokerage houses and go through the Canadian Dealer Network (CDN). These quotes reflect actual purchases and sales made by the brokers that use the service. The CDN would do the translations and followthrough on the trade... usually making a $.05 per $1 profit on the currency exchange. They further indicated that the quotes reflect trades of brokers that use the service (not all transactions) and not in anyway reflecting the actual and full trading activity of the Vancouver Exchange. I don't know that any US brokerage has traders on the VSE; rather they go through the CDN. I also believe that I have heard that not all US brokers use the CDN; some US Brokers may have direct relationships with Canadian brokerage firms that handle transactions for them. I believe that my US discount brokerage has this type of direct relationship. I am not a broker nor am I involved in transactions in anyway. Just a simple investor residing in the US. It was a while back that I had this conversation, so I hope I paraphrased it accurately.... Can anyone verify?? Hope this helps. PYNG Shareholder and periodic lurker for over 1 1/2 years... Patrick

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next