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Non-Tech : CyBerX -- Ignore unavailable to you. Want to Upgrade?

To: Tony C. who wrote (176)	12/11/1999 11:31:00 PM
From: WryBoy	Read Replies (1) \| Respond to of 212

People often use Island because it tends to have the most liquidity of the currently available ECN's. Island is not always at the inside market though, so the best price is quite often found elsewhere. As for CyberExchangeECN, it unifies all the ECNs from the traders perspective and (theoretically) should give even better liquidity. Others might comment on that. Like many other CyberX users, I route my own orders, so I never use CyberXLimit or CyberExchangeECN. CyberX is sort of like a car with both an automatic and manual transmission. Some folks prefer the automatic and don't want to route their orders manually. I think you really ought to consider learning how to route your orders yourself, i.e. "drive a stick." Yes, you need Level II to see your counterparties and trade with them, however, it's well worth it. That's where the whole advantage of direct access is realized. Using CyberXLimit is just like giving your order to an on-line broker's market maker, and perhaps not even as good as that. WB

To: Tony C. who wrote (176)	12/12/1999 6:34:00 AM
From: Tony C.	Respond to of 212

I've been a little disappointed that this subject/thread doesn't really get that many posts and I just realized why. It seems that most of the CyberX users are posting on the "CYBERTRADER" board on not here. So considering that's where the party is (and where all kinds of valuable information is being exchanged), I urge us all to move over there to continue our discussions. I'll still keep this subject bookmarked and read any new posts, but I'm going to do most of my future posting on the other board. Thanks, Tony