A.B. WATLEY - THE ULTIMATE TRADER! Message Board

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Non-Tech : A.B. WATLEY - THE ULTIMATE TRADER!

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To: Tim Luke who wrote (507)	1/18/1999 10:20:00 AM
From: Chris O'Keefe	Read Replies (1) of 2045

Please help: A.B. Watley/MB Trader Fee comparison I'm in the market for new trading software and am currently torn between A.B. Watley and MB Trader. I'd like to choose Watley but, unless I'm mistaken, their execution fees are vastly greater than MB Trader fees. Am I wrong? Example: If I sight a $1/share NASDAQ stock and I want to buy 80,000 shares of it... Using A.B. Watley's Ultimate trader Level 4 my cost is $823.95 [$23.95 (standard ticket charge) + $800 (.01/share for all NASDAQ orders over 10,000 shares)] Using MB Trader my cost is $91.80 [$22.95 (standard ticket charge with a "ticket" defined as 10,000 shares) * 4 tickets] This is a huge difference in price ($732.15!!) for the same result! All of this assumes I have interpreted the fee schedules correctly. Is my assessment correct, that Watley fees can be far greater than MB Trader fees? Also, if anyone thinks I should be considering another premier-level broker (i.e., a service that has Level II, ECN trades, etc.) other than Watley and MB Trader, please advise. Thanks, Chris

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