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Non-Tech : myTrack service from Track Data -- Ignore unavailable to you. Want to Upgrade?

To: JD who wrote (210)	1/9/2000 8:09:00 AM
From: Mike E.	Read Replies (1) \| Respond to of 571

I bet you there was a lot a giggling over at Herzog after they suckered MyTrack into that deal!! It gives them carte blanche to hold off filling the order for as long as they want - and when the order does get filled, it is always to Herzog's advantage - at the expense of the MyTrack client!!! As well, my experience, exactly! As far as I can tell, MyTrack is the only OLB who has this rule. AB Wately & AMTD will allow any order to be cancelled at any time - as long as it has not been executed (and you know within minutes if it has). ETrade also lets you cancel any order that has not already been executed. What that does is allow you to cancel an order that is not being executed immediately - sometimes this action forces the MM to execute the order rather than lose it altogether. Having to phone in a cancel totally negates any advantage of their software trading platform for those orders.* I agree 100% and I'm not willing to sit on hold for what seems like an eternity. I want online trading, not "call my broker for assistance" trading. My overall experience still has MyTrack outperforming AMTD for BB trades - the speed of submitting orders more than makes up for the infrequent "not cancellable...." messages I get. Have not used "point & click" on MyTrack for listed stocks - but will be using it soon. Overall, I like MyTrack as well. The "point & click" from Level 2 is extremely nice and extremely fast. I use it all the time and I love it. mike