E*Trade (NYSE:ET) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : E*Trade (NYSE:ET)

ET 16.49

-0.1%

Nov 24 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Bala who wrote (4921)	2/5/1999 5:15:00 PM
From: THOMAS GOODRICH	Read Replies (3) of 13953

Bala, Unfortunately 3 minutes to execute a market order is not unreasonable for any online broker. Many people assume reported real-time quotes are split-second accurate and that trading systems execute orders immediately upon click of the mouse. While meeting with ETrade executives a few months ago I was informed brokers and systems typically do not execute all shares of large orders instantaneously so as to avoid depressing or surging of prices. In general, market orders are a license to steal so, best bet is to limit trade. BTW, I have never had any problems with ETrade and what people are complaining about here occur at other firms including Schwab whose online systems are generally robust. No one likes to lose money, however, it's often at best a zero-sum game and that's the risk people need to assume. So, don't blame it all on Etrade folks!<g> TG

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next