To: hx4 who wrote (28422 ) 1/8/2000 4:28:00 PM From: StockPro Respond to of 62348
Forgive an interruption from a regular lurker on this thread, but having been with Investorline for well over a year, I just have to comment ...... compared to some of the problems I've read about, Investorline seems one of the better brokers. I have to agree whole heartedly with the above statement. Not only that, but it is obvious (to me) by their actions that Investorline is continuously improving and streamlining their systems. I've also noticed it does take a lot less time for a change order. Once again, I agree -- my experience has been the same. In fact, I would go so far as to describe "change orders" as instantaneous. A couple of months back, Investorline introduced their latest upgrade to their web interface. At that time, I had some questions about the new system and talked to an account representative. I was told at that time that one of the changes made was that "Change Orders" are no longer subject to the "Know Your Client Rule", that they are handled fully electronically and automatically. My own experience would seem to indicate that what I was told is indeed correct. I am now in the habit of frequently pre-placing my orders with a price that is quite far from the current bid/ask price. When I want a fill, I go in and do a "change order" to modify the price on my order so as to get right on the current bid/ask price. From the time I receive the "change order confirmation" screen to the time that I return to the "Order Status" screen, the status is invariably reported as "Submitted" as opposed to the old "Pending" that I used to see. By the time I return to StockWatch (already open in another browser window) and refresh market depth, I can see my order on the depth.