Edward: TY much -- market orders for $5/limit for $10, is, by far, the lowest we have ever "heard." We will check the quantity/other limitations. Apparently, you are satisfied with the handling of the orders [telephone response times, executions, etc.] .
<to know the execution price immediately, and from a person on a recorded line> is a very good point, as is the phone/online option. With rare exception, we never place market orders. Our online trades turn-around time [ buy/ask & sell/bid orders], is usually 2 minutes or less, so we know the execution price practically immediately, and usually have a complete transaction within a shorter time than placing a call and completing a phone order; however, even the best online trading is not without computer/net interface problems and the recording can be significant at times. Do you happen to know if Brown has qualifiers for Immediate or Cancel &/or Fill or Kill {which can be a .good aid in preventing certain manipulations}?
In terms of options commissions [which, as you can see are quite high ], what I have just today determined is that the "commission war" betw. the online brokerages is so competitive that they are publishing the comparative "fares" for equities, then making-up the difference in small-print option commissions.
We will check into Brown, and really appreciate it from you and Lisa. Brown was not a Co. we were even considering [e.g. E-trade and Datek].
If any of you reading this, know the satisfaction level of Brown online, we would be much obliged,
Thanks again ....... have a great weekend. |
