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Strategies & Market Trends : The Final Frontier - Online Remote Trading

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To: TFF who wrote (6739)	3/19/1999 9:10:00 PM
From: Eric P	Read Replies (1) of 12617

I talked to a manager at NAIB today. Some of their highlights are: 1) Commission rates of 0.5 cents/shares plus $19.95 per ticket, reduced to $15.95 per ticket after 100 tickets per month. 2) They offer direct electronic access to post on REDI and ISLD, and you can telephone in orders to post on the INCA book. Obviously, you can execute against any of the ECN's through SelectNet. 3) Apparently, they have some sort of a 'smart' order routing system which can be used to automatically route an order to the market maker / ECN at the inside bid or ask using SelectNet. Unfortunately, this can not overcome the fact that SelectNet is becoming nearly useless for daytraders. Good luck, -Eric

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