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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: - who wrote (3875)	9/13/1999 12:13:00 PM
From: Herc	Read Replies (1) \| Respond to of 18137

Now let me get this straight. With Terra Nova, MBT Trading, and the ilk you bypass the market makers in OTC stocks and trade right off the ECN's? This is where the speed comes in? I have yet to read about a daytrader in Forbe's richest people in America. It must be tough.

To: - who wrote (3875)	9/13/1999 12:48:00 PM
From: scanshift	Read Replies (3) \| Respond to of 18137

Steve, keep your trash off of this thread. A legitimate question was asked about different brokers, and a couple branches of Terra Nova, those being MB Trading and The Executioner were recommended by others. I pointed out that one could also open an account directly with the main firm, Terra Nova Trading, and that between Terra Nova Trading, MB Trading and The Executioner there were significantly different fee structures for using ECN's. If you have a problem with the sharing of information, that is unfortunate and tough. A question was asked, and I volunteered some information that had not been made available to the thread. I will ask you since you always act like you know it all, why would a trader pay additional ECN fees (not including inca) at the Executioner, when those fees are free (not including inca) at www.terranova.com, along with there being a lower rate structure in general for traders who trade frequently. For 100-199 trades a month, Terra Nova is $17.95, which then drops to $16.95 for more than 200 trades while the branch office of Terra Nova, The Executioner, charges $19.95 for 100-150 trades and then $18.95 for greater than 150 trades plus the additional ECN fees.