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To: Robert Rose who wrote (86261)12/5/1999 9:18:00 PM
From: Bob Kim  Read Replies (1) | Respond to of 164684
 
Rob,

Think about the ML program as paying $375/quarter for each quarter's trading. It's a very good deal, imo. (Margin rates are high though, if that's a factor.) The program should become more attractive when the online trading capabilities get better. They aren't that great right now.

BTW, ML doesn't make a market in many of the recent IPO stocks unless it was an underwriter. Those trades are likely to go to another MM such as NITE. Even with stocks ML makes a market in, I've occasionally had 100 share transactions broken up into two parts.



To: Robert Rose who wrote (86261)12/6/1999 8:21:00 AM
From: Glenn D. Rudolph  Respond to of 164684
 
So while the ML free
structure as you've described it makes me cringe, if there is really cake there (as opposed to just frosting) then it's
really worth looking at.


Give them a call or read about it online. It is worth it.

Glenn