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To: Robert Rose who wrote (86230)	12/5/1999 12:10:00 PM
From: Lizzie Tudor	Respond to of 164684

Make sure and look into Discover too, they might have the right package for you.

To: Robert Rose who wrote (86230)	12/5/1999 12:45:00 PM
From: Bill Harmond	Respond to of 164684

If you're buying 1,000-share lots through a market-maker, you should be paying no additional commission at all, just the spread.

To: Robert Rose who wrote (86230)	12/5/1999 1:51:00 PM
From: Libbyt	Read Replies (2) \| Respond to of 164684

Online brokers... "otoh, schwab's commissions begin to add up for trades of 1k+ shares. Their executions seem to be cleaner, however." I have both a Schwab and an Etrade account. The Schwab orders cost more than other online brokers, but I've never had a problem with an order. With Etrade...I'm a fairly new account, and all I've had is problems. (problems logging on, getting my password processed, etc.) My reason for trying Etrade was to try an online broker with lower costs. I've decided that even as an active investor/trader that the fee isn't as important as long as I am getting a good execution of an order. Besides the order, the end of the year tax accounting is easier (I think) with the Schwab form. With the competition among online brokers, I think all of fee structures will be changing. (I'm waiting for Schwab to lower their fees!) Also, with some of the trading systems being developed, I think some orders/executions will change. Ashton Technology (ASTN) is using an eVWAP system. (Approved by the SEC, and in it's second stage of development/use.) This is a system mean't for large institutions where the minimum order I believe is 5,000 shares. The price you would receive on an order would be the volume weighted average for that trading day. Between online brokers, ECNs and other trading systems... online trading should be a lot different in the future. Libbyt

To: Robert Rose who wrote (86230)	12/5/1999 3:27:00 PM
From: Glenn D. Rudolph	Read Replies (2) \| Respond to of 164684

guess I am asking for input (pm is fine) about experiences with 1k+ trades from various brokers, online or not, with info on commission structure if possible. I am hoping that any input I gather here will help me fruitfully focus further DD. Rob, I have ude DLJ Direct in the past along with Hilliard Lions and E Trade. I am currently using Merril Lynch with their one price unlimited trade program. I am very satisfied in that their online site is typically very responsive and if for some reason it is not, I obtain a broker on the in less than a minute. In addition, Merril makes a market in many stocks. The yearly fixt fee is a percentage of one's assets although quite small. They offered me the lowest not basing it as a percentage for the first year which comes to $1500 commission for the year and that also includes option trades. I am saying I am happy there. Glenn