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

To: Time Traveler who wrote (4616)	10/3/1999 10:19:00 PM
From: E. Davies	Respond to of 18137

And what are the differences between CyberX and CyberTrader anyway? Cybertrader is full blown trading software in the spirit of Realtick III. Real time charts, L2, etc. CyberX is a drastically simplified system. It has a single L1 stream and a tick chart. It is good for less professional traders or a decent interface for someone who prefers a different charting package such as qcharts (only decent because it uses too much screen space). CyberX does charge exchange fees, so trades often cost ~$16-$20 even though they push that it is $14.95. Eric

To: Time Traveler who wrote (4616)	10/3/1999 10:38:00 PM
From: Dan Clark	Respond to of 18137

TT, Actually these should more properly be called ECN fees. They apply to all CyberCorp systems. IMO, CyberTrader is aimed at the traders who like a complete, integrated system. Data, charting, OE in one package. CyberX is aimed at the trader who likes to "roll-your-own". I.e, pick and choose the components that they like. Some people use QCharts. Some use eSignal (don't know why). Some use other tools. Also, CyberTrader's fee structure is oriented to the trader who makes lots of trades. CyberX is $14.95 per trade, starting at quantity 1. To get to the $14.95 per trade level with CyberTrader, you would need to execute 600 trades per month. CyberX has no data fee per month. CyberTrader has a $250/month data fee until you reach 100 trades per month. I think that CyberX appeals to short-term position (30 seconds to several hours) day traders and multi-day swing traders. CyberTrader appeals more to high volume scalpers (few seconds) to maybe short-term position traders. CyberX and CyberTrader are aimed at different types of people (IMO). Keep in mind that CyberTrader has been around much longer than CyberX. I think that CyberX was launched in April of this year. You will probably see cross-pollination of the systems in the future. Hope this helps. Regards, Dan.

To: Time Traveler who wrote (4616)	10/4/1999 8:32:00 AM
From: Herc	Respond to of 18137

RE: Difference between CyberX & CyberTrader. This is the e-mail from the company. I already posted it but will do so again for your convenience. If you get CyberX you can accompany it with eSignal, QCharts, DTN. CyberTrader is the whole shebang from CyberCorp. <<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 Julian Lopez>>