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To: Robert Rose who wrote (86266)12/5/1999 9:41:00 PM
From: Bob Kim  Read Replies (1) | Respond to of 164684
 
Rob,

There are some daily share and dollar volume limits, but no one seems to know what they are.

I'm currently not sure how capable the online trading system is under the program in question. Officially, you can't do same-day buys and sells of the same stock online. You have to call in the other side and you have to keep track of the accounting. (It can be a pain.) Unofficially, I'm not sure. Some users may have more capabilities than others during the roll-out of additional features.

Some of these highly desirable capabilities are supposed to roll-out starting in the first quarter. Options are also on the slate for sometime next year.

The annual fee is calculated as 1% of equities and .3% of fixed income assets, assessed and determined quarterly.

One plus is that maintenance margin requirements have pretty much remained unchanged on internet stocks.



To: Robert Rose who wrote (86266)12/6/1999 8:36:00 AM
From: Glenn D. Rudolph  Read Replies (2) | Respond to of 164684
 
Bob or Glenn, are you saying $375/quarter unlimited trading or what??

Yes. I did see Bob's psot and one may sell and buy the same day but to buy and sell you have to call your broker for the sell. There is no extra fee. Bob is incorrect about keeping track. ML online matches your buy and sell orders that show realized gains and losses.

Glenn

PS Options must be placed with a broker. No additional fee, however.