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Strategies & Market Trends : After Hours Trading(ECN)-The Coming 24/7 Trading Explosion

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To: brec who wrote (56)4/10/1999 10:18:00 AM
From: Lola  Read Replies (2) of 314
 
You cannot make a proper comparison until you have fully experienced both systems, the fully computerized system and the MM system. They are VERY different.

As a person who has experienced both systems as a trader and an investor for over 5 years, I say the computerized systems wins hands down.

Even in thinly traded stocks (which I also have alot of experience with on both systems), I would prefer always to deal with a computer and not a human.

You can't appreciate how wonderful a system can be that does not involve humans (and the emotional aspect of dealing with humans) until you experience it yourself. There's no way I'm going to be able to convince you of all the benefits of a computerized system if you haven't experienced it.

However I find it strange that I'm explaining the benefits of computers to a group of Americans. Americans should know all the benefits of dealing with computerized systems versus human systems. America is the birthplace of the computer is it not? America is also the home of innovation and changing things for the better. So let's do it.

Lola
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