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Non-Tech : Fidelity FOX Spartan Brokerage -- Ignore unavailable to you. Want to Upgrade?

To: E. Davies who wrote (180)	7/1/1999 5:55:00 PM
From: E. Davies	Respond to of 222

Welcome to Nasdaq trading. If you dont like it dont trade Nasdaq. A month with MBT will open your eyes and give you a lesson. Every seller needs a buyer. Remember that. You cannot expect Fidelity to match Datek in speed of execution. Datek is the Island ECN, the most popular choice of routing by daytraders. Trades are crossed automatically with ISLD, executions are blindingly fast. But wait till you have a stock to sell that no one on ISLD is willing to buy. You are left broadcasting the order to the Market Makers who are flooded with sell orders and have to accept your order manually. I've had stocks drop 5 points waiting for a "market" order to fill and still be able to cancel the order 30-45 seconds after it was placed live direct to the market. Make no mistake- the Market Makers are in a business. They intend to make a profit. They will follow the rules (in general) but if there are no other buyers they will be buying as little as they can and let the price drop. Fidelity has its problems but often it will give you better fills than ARCA and doesnt have the hassles of possible autocancels from ISLD. You need a lesson in reality, maybe then you wont go blaming the broker for everything that goes wrong. Eric

To: E. Davies who wrote (180)	7/6/1999 12:21:00 AM
From: Stinkie	Read Replies (1) \| Respond to of 222

Hey Eric, don't shot the messenger. I am well aware of the "process". Always amazes me when people are blinded by predujice. Yes, in every trade they were plenty of buyers and sellers to take to other side of trade. However, this is about Fidelity sitting on orders, trading against you. And no this is not the norm for a DOE firm. And makes Fidelity impossible to use for short term trades. Again, I am merely telling anyone who is hoping their "new platform for active trading" will be useful should move on. Fidelity is not for short term trades. You can't beat Fidelity when they trade against you....Thus the execution will continue to be more of a problem than the software. They must make a killing off us. Thus, I can assure you they aren't about to change that...