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Non-Tech : E*Trade (NYSE:ET) -- Ignore unavailable to you. Want to Upgrade?


To: Spytrdr who wrote (8760)10/5/1999 10:44:00 PM
From: Spytrdr  Read Replies (3) | Respond to of 13953
 
"Ruediger Adolf, senior vice president, strategic planning and business
development at American Express, said the offering's unique pricing structure
helps define the target customer.
"Many people do not want to churn their accounts, and this is not tailored
to the day-trading community, which is why we do not allow round-trip trades in
the same day," said Adolf. "We're sending the market a signal that churn trading
doesn't work as a business model."