Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: 2MAR$ who wrote (4549)	10/2/1999 2:19:00 PM
From: -	Read Replies (3) \| Respond to of 18137

Actually, I no longer have a preference for ARCA; some things change quickly. With ISLD becoming increasingly liquid, and the availability of the ISLD book (live Java-mode on the Island website), I now do probably 70% of my orders through ISLD. That's where I started, when trading with Broadway several years ago, that's where I've ended up :) ISLD is great because when there's something there to trade against, it's lightning-fast. I still use ARCA, probably 15%. The rest of my orders are Selectnet preferences. For some reason, still seems like an ARCA order beats a Selectnet Broadcast. -Steve

To: 2MAR$ who wrote (4549)	10/2/1999 2:42:00 PM
From: Matthew L. Jones	Respond to of 18137

Actually their prices are comparable to all of the other direct access systems. Significantly cheaper than some (All Tech for example). Recently they went public and have spent a bunch of the money advertising. With all of the added customers, they are experiencing the usual congestion problems (direct access included). I have been having nothing but problems with their RT3 system for the last three days. So much so that I decided to go back to their web based trading and position trade. Their Level 2 quotes are lagging my other quote service, it took me 35 seconds for and Island order to go live and 45 seconds to cancel it on Thursday. And I use three ISP connections and 168K speed with mucho bandwidth. I have been using NEO trace and the net congestion is at their servers and the NYC ISP that they use. I had ping rates of over 1700 ms continually! Daytrading is a game of seconds often times and quick reliable representation in the market and executions are a must. I would wait a while before going to AB Watley unless you want to be frustrated. The only reason I'm not switching is because of the time involved in the ACAT process. I have some open long positions which I would move and I don't want to be out of business for 3 weeks. Everyone I talk to says that they are experiencing these sorts of problems from time to time. I think that the infrastucture is not up to the volume of on line trading which is coming into the market. Matt