JB Oxford, Lombard, Etrade Message Board

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Non-Tech : JB Oxford, Lombard, Etrade

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To: Michael Gleason who wrote (45)	11/1/1996 1:27:00 PM
From: Satya Podury	of 396

I opened a Lombard account for its low commissions, access thru the web, lots of info, etc. However, I am very, very disappointed at the time it takes for them to fill my orders. Even market orders take in the order of minutes (!!) to complete. Geez! Is this the normal time on other firms, too? I found that placing limit orders seems to go thru faster than market orders. Is it because Lombard gets a slightly higher commission on limit orders vs. market orders, so they are routing limit orders ahead of market orders? I am accessing them via the internet. I am so annoyed at this that I am thinking of shifting to e-trade; my colleague uses this (also via the web) and his turnaround time is in seconds. According to him, by the time he enters his order, and he backs up to check the status of his orders, it is filled! Now that's quick execution. Anyone has similar experience with Lombard via the web? Also, how is e-trade in other's experience? Any opinions appreciated. -satya

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