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Non-Tech : E.Schwab problems -- Ignore unavailable to you. Want to Upgrade?


To: RC Stein who wrote (802)3/8/2000 10:49:00 AM
From: paul ta  Read Replies (1) | Respond to of 1401
 
Economist magazine, March 4, 00, page 76.

On ECNs and fragmentation of US stockmarkets resulting from this. Referring to Charles Schwab>> "his profits, many of which are made by executing a lot of Nasdaq- and NYSE-listed share orders internally." Would account for length of time to execute an order, if they wait for an internal order a set length of time before going to the larger market when there is no internal order. Might also account for not getting the best price on occasion--when your order is matched with an internal order that is not as good as the larger market order it could be matched with.