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


To: uclatrader who wrote (5375)1/25/2000 4:21:00 PM
From: Zog  Read Replies (2) | Respond to of 7382
 
Aside from some back office problems, MB trading seems fine. They have a much better short list then the others. Plus, you can request that they borrow shares of a specific stock - which they generally are able to. So if you short, I would go with MB.



To: uclatrader who wrote (5375)1/25/2000 9:11:00 PM
From: Dan Clark  Read Replies (1) | Respond to of 7382
 
Shuo,

CyberCorp (www.cybercorp.com) has two direct-entry platforms - CyberTrader and CyberX. CyberTrader is more oriented towards scalpers and is the direct competitor to MBT's RTIII system. CyberX is more oriented to position/swing traders who need better charting and analysis software than CyberTrader or MBT offer. I use CyberX + QCharts for both scalping and swing trading.

Order Entry is better with CyberCorp (IMO) because they have direct access to almost all ECNs including ISLD, INCA, ARCA, etc. plus SNet preference to ECNs and MMs. I believe MBT only has direct access to ISLD and ARCA, and that they use SelectNet to preference the rest of the ECNs and the MMs. There are probably good reasons to use SNet preference, so better direct access may or may not be a benefit to you. Note that CyberTrader and CyberX ECN access is the same.

CyberCorp's Customer Service is very good, their short list is extensive and they do about 20,000 trades/day. I understand that MBT and CyberCorp are roughly comparable in these areas.

CyberCorp has simulators for both CyberX and CyberTrader that you can download and try out at no cost. These are essentially the real software into which they pump data 3-4 day old quote data. You can place simulated buy, sell and short orders that "fill" so it is fairly realistic. You should probably download both, and then compare them to MBT's simulator to make a better assessment.

I hope this helps.

Regards,

Dan.