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Non-Tech : A.B. WATLEY - THE ULTIMATE TRADER!
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To: Brett Verinck who wrote (669)2/8/1999 10:39:00 PM
From: Jim Lass  Read Replies (1) of 2045
 
Brett,

Thanks for your help. I'm not out to shot the messenger!

I think the short answer is that stock traders, and not
option traders are ABW's primary focus. Too bad.

Unfortunately, with the high margin requirements to do
uncovered option writing, it's not very practical to
maintain margin in one account and trade in another.
Thanks for the suggestion though.

The next best thing I can find to ABW is Preferred Trade.
They claim customer's have direct access to RAES, AMOS, POETS,
AUTOM, and that clients get to direct their order to the
exchange of their choice when the option is multiple listed.

preferredtrade.com

Their parent company is Perferred Capital Markets, Inc.
which seems to be a pretty solid company. I sent my
app in last week when it became apparent that ABW wasn't
going to work out for me. I'll probably start out small
at PT and see how it goes from there. Let me know if the
situation changes at ABW.
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