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

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To: HECTOR RUBERT who wrote (6910)4/10/1999 7:01:00 PM
From: Dan Clark  Read Replies (2) of 12617
 
Hector, in addition to CyberCorp, MBTrading, etc., you may want to consider Datek. They use Island for order entry. Datek is a mixed bag - execution speed is typically very good and rates are very low ($9.95 for a market or limit order). Downside is flexibility, analytical tools and data. Their analytical tools are not streaming and they only have a minor real-time data feed called "Streamer" (it's pretty bogus).

I've been thinking about switching to CyberCorp (CyberTrader). They have impressive analytical tools and order entry. But, I've heard mixed reviews about confirmation speed. Also, their rates are high ($20 per order). Finally, they charge $250 per month for real-time, streaming data until you reach 100 orders per month. It's a little pricey. On the other hand, it might be worth it.

I use Datek as a broker, but use QCharts from Quote.com for real-time, streaming data and analysis. Things are changing quickly at Datek and CyberCorp. I think I'm going to stick with Datek for the next month or so, and then review the situation.

Good luck and regards,

Dan.
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