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


To: Dirk Hente who wrote (487)4/5/2000 4:23:00 PM
From: Dan Clark  Respond to of 1001
 
Dirk,

Regarding order routing, they have manual and automatic order routing. Currently my favorite manual routing is direct to Island. You can send your order direct to other ECNs now, with the exception of Instinet (INCA). I understand that direct to INCA is in the planning stages now and should be available sometime in the near future. (The CyberCorp boys and girls should probably comment on this.)

For automatic routing, you can choose CyberLimit, CyberExchange and CyberExchange ECN. CyberLimit and CyberExchange route orders automatically to the best price source including ECNs and Market Makers. CyberExchange ECN does the same except that it is limited to ECNs (NO Market Makers). I don't use automatic routing. For fast moving stocks (is there any other kind?), I find it a bit slower than manual routing, but this may have changed in the last month or so.

Download the CyberX Manual cybercorp.com for more info.

Regards,

Dan.



To: Dirk Hente who wrote (487)4/5/2000 4:30:00 PM
From: Simon Thornington  Respond to of 1001
 
Ha confirmed my INCA question after your posted about it. To answer, my current favourite routing methods are direct to Island, direct to ARCA, and Selectnet Pref the inside MM.

Direct to Island usually gets confirmed within a second, Selectnet Pref, if I click fast enough to catch the inside, confirms and fills within about five seconds.

The CyberXchange stuff (automatic routing) is alright to pick up a slow moving stock, but when things are fast I usually prefer to use Island ahead of the ask (if selling into strength) or Selectnet Broadcast behind the bid (if selling when falling).

There have been some problems with some routes lately, but from what I hear from people using other brokers, the problems are not CyberCorp's. In fact, I'm very happy that Cyber warns us of the problems in a timely manner, so one can route around.

Cheers,

Simon.



To: Dirk Hente who wrote (487)4/6/2000 8:45:00 AM
From: CyBerCorp.com  Respond to of 1001
 
Dirk,

Thank you for your post. To answer your question, we do offer direct access to ISLD. In regards to the use of proceeds of trades of stocks you held over night, there is an NASD regulation that prohibits us from calculating the Buying Power on an intra-day basis. For additional information on this topic, please contact one of our Registered Representatives.

Sincerely,
CyBerCorp.com