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Non-Tech : A.B. WATLEY - THE ULTIMATE TRADER!
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To: Brett Verinck who wrote (511)1/19/1999 4:55:00 PM
From: Chris O'Keefe  Read Replies (1) of 2045
 
Brett,
You write, "The extra per-share charge will only apply if you send the trade to our execution desk."

I do not see this information on your web page for fees. I am looking at abwatley.com and for Level 4 service, the column called "Ticket Charge**" has those two asterisks (**), which decode on the web page as follows:

** For all Listed Orders greater than 2,000 shares add 1 cent per share for the excess to your monthly adjusted ticket charge. For all NASDAQ orders of 10,000 shares or more, add 1 cent per share for the entire order to your monthly adjusted ticket charge.

I have a call into Watley as you suggested to clear this up. So far, your statement and the web page statement seem at odds, but it could be that I am so novice to all of this, that it's just my weak knowledge that is to blame. Perhaps it is just common knowledge that the fees would only apply if the desk took my order... Ah well. FWIW, in my example of a $1/share stock I was assuming a fully-listed (i.e., non-BB) stock.

Regards,
Chris
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