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.

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

To: Spytrdr who wrote (9009)	10/21/1999 10:27:00 AM
From: Spytrdr	Respond to of 13953

""I don't think this is going to stop the migration" from full-service to on-line brokerage firms, said L. Russell Keene, an on-line brokerage analyst for Putnam, Lovell, de Guardiola & Thornton. "This is something they have to do anyway because of their infrastructure. They don't have a choice." Indeed, both Morgan Stanley and Merrill have designed new retail brokerage models around, no surprise, their brokers. Merrill has 18,000 of them; Morgan Stanley, 12,000. Internet trading has been an unending nightmare for full-service brokers, who are losing clients to on-line competitors and seeing themselves belittled in television advertisements. But the full-service firms are trying to change that image."

To: Spytrdr who wrote (9009)	10/21/1999 11:03:00 AM
From: Bob Kim	Read Replies (1) \| Respond to of 13953

That means customers can have access to first-run stock research, buy stocks underwritten by the firm, get advice from a broker and trade on line themselves, all under one roof. Let's review ML's current offering: 1) most of the useful research is not available to retail clients via the online system and the research system is often down (like it has been since yesterday); 2) none of the good IPO stocks will likely ever go to a "new" client unless several million dollars in assets tag along; 3) ML's current online trading system won't allow you to daytrade a stock. One side of the transaction has to be done via the broker. No options trading yet. #3 is likely to be fixed in the future.