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Non-Tech : E.Schwab problems
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To: Joe Master who wrote (123)4/14/1998 12:04:00 AM
From: Randall Thomas  Read Replies (1) of 1401
 
<<Their customer service folks told me this was normal processing
for a stock they dont make a market in at Mayer. Does this sound
like BS to anyone else out there?>>

20 minutes is absurd, but Schwab has NO other relationship with wholesalers besides Mayer, meaning every single OTC trade goes to them regardless, so my general rule is to never ever give mayer an agency trade....do the trade somewhere else before letting some retail trader at another firm scalp your order.

I have never heard of Schwab fixing a fill, despite the fact that we are paying THEM for executing our order, as opposed to them buying order flow from correspondents. Pitiful.
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