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

To: TraderAlan who wrote (4540)	10/1/1999 8:11:00 PM
From: Herc	Respond to of 18137

The difference between CyberTrader and CyberX from an e-mail to me from CyberCorp. I'm not knowledgeable enuf to have a clue what all the stuff in CyberTrader is. And at $250 a month, I doubt if I'll ever find out. CyberX is the coolest product I've seen so far. BTW, does anyone ever use a Bloomberg? <<Salutations. Thank you for your interest in CyBerCorp.com. Let me preface my correspondence by saying that both CyBerX and CyBerTrader are direct access and both offer you the technology that has made CyBerCorp widely known. I would explain the differences in this way: CyBerTrader is a comprehensive complete trading platform. Trader is the software that is used by trading rooms, broker dealers, and "professional traders" around the world. It incorporates Level II boxes, charts, and various other decision support tools that include the hammer which displays to you how many times a MM or ECN has been on the inside bid or ask of a stock. You have the option of executing through your keyboard or by mouse. Trader carries a $250 a mo. fee which can be waived with 100 trades (or 50 round trips). In addition there is a $19.95 per ticket charge with certain other execution fees applicable (for more detail please visit this link : cybercorp.com ) CyBerX was created with the intent of facilitating the utilization of a direct access system. CyBerX set an industry standard with its CyBerXchange. CyBerXchange, sometimes referred to as a "super ECN" allows a user to simply click on buy, sell, or short and have the software route the order for them. CyBerCorp does not get paid for order flow and therefore attaining the optimal price is a priority along with speed of execution. The trader can disable this function and select to route his orders to ISLD, for example. CyBerX is mainly an execution platform, and has been designed without charts or level II information, while it does have a tick chart some traders will want to look at level II and charts. This is where you would bring in a Qcharts, eSignal, or DTNIQ to provide you with this information. I will advise new users of direct access to allow technology to assist them in trading and use CyBerX. As one grows more familiar with direct access, ECN's, Order Routing, and MM a trader can always upgrade to Trader. X has a $14.95 per ticket charge with certain other execution fees applicable and no monthly software fee. We are currently working on offering a Trader simulator, which will allow traders to see and test our new version Trader 2.0. While I do not have a date of availability I invite you to check back with us regularly. I hope this shed some light on your inquiry. Should you have any additional questions please do not hesitate to contact myself or any of our representatives at Ext. 7694. Good Luck with your trading endeavors>>