Earl,
Without a doubt, the CyBerTrader platform is overkill for an occasional day trader. CyBerX, however, may be appropriate. The difference between the two is that with CyBerTrader, the front end is complex and the back end is smart. In fact, CyBerBroker requires that before starting with CyBerTrader, the customer have experience with Level II data as well as another direct access platform. CyBerX, by contrast, has a simple front end and a smart back end. CyberX does not display Level II to the user, but uses the Level II data on the back end for executions. Besides making the cost more attractive to online investors, not displaying level II also makes it less intimidating to someone who might be confused, at least initially. This makes it useful for some active online investors.
What we have found is that some have paired CyBerX with a data or analysis provider. In fact, CyBerX has already been plugged in formally to DBC's eSignal, Window on Wall Street's Internet Day Trader and Nirvana Systems' OmniTrader. More will be forthcoming. This has made CyBerX a transitionary tool for some between web-based brokers and direct-access ones.
Hope this helps.
Holt Hackney
cybercorp.com |
