GG..have you ever heard of BLOCK TRADING? Well there out of Houston and have made a very very big name for themselves. If not, there on yahoo right where IT is. Anyway these guys (2) began by obtaining licenses etc..and opened up a "trading room", but more costly than IT. My point is that e-trade, wells fargo, etc...have not moved into this arena (day trading), which is what Block Trading targets and is structured around. Grant it that IT is in it's infancy but from what I've read about BLOCK, cutting the middle man (etrade, wellfargo, ameritrade, etc) is the next "future etrade". Think about it, my dad your dad, your grand dad traded with a broker (full service or schwab , maybe). Well who is it that needs immediate trading, best commisions, fastest executions with the least hang ups? It's this generation. Block Trading is knee deep in this. IT is about to be KNEE DEEP! Mark My words...Most of us make a career or wan tto make a career out of this but you can almost forget it when using NDB, ETRADE, AMERITRADE, DLJ, etc. Commissions are still costly trades are slow at times, market level II isnt there. We all get burned from time to time while utilizing the middle man.
Anyway look up Block Trading, these 2 guys are well ahead of their time. Wells Fargo will be a JOKE at $30/trade. Hell our company PRWT recognizes this and has gotten rid of the middleman!!!! Think!!!!
We have something phenomenal. Please dont bring WF up and try to make some sort of comparison.
Rockets
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