Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Final Frontier - Online Remote Trading -- Ignore unavailable to you. Want to Upgrade?

To: agent99 who wrote (8128)	4/29/2000 8:17:00 AM
From: TFF	Read Replies (1) \| Respond to of 12617

SuperSOES - Information Links: Nasdaq© held regional forums to review upcoming changes to the Small Order Execution SystemSM (SOESSM) and SelectNet©. Please see the approval order or the Q and A for more information. To view the Webcast presentation, please click here. Implementation of the modifications has been rescheduled for June 5/00(National Market Securities only,Processing of SmallCapSM securities is unchanged.), please see Head Trader Alert #2000-27 for the most up-to-date information. Any ECN/ATS who notifies Nasdaq that they will accept auto-executions will have a fifth-character identifier of "+" when they begin trading in SuperSoes. Since the implementation of the Securities and Exchange Commission (SEC) Order Handling Rules, all ECNs/ATSs have had a fifth-character identifier of "#"; ECNs/ATSs who do not participate in SuperSoes will continue to display a "#". nasdaqtrader.com nasdaqtrader.com Message 13498913

To: agent99 who wrote (8128)	5/4/2000 8:24:00 AM
From: TFF	Respond to of 12617

ETrade Gains Market Share as Schwab Loses; Web Trades Rise 69% San Francisco, May 4 (Bloomberg) -- ETrade Group Inc., the No. 2 online broker, gained ground on leader Charles Schwab Corp. in the first quarter as assets in Web brokerage accounts passed $1 trillion, according to U.S. Bancorp Piper Jaffray Inc. Schwab's market share slid to 21.4 percent from 22 percent while E*Trade's rose to 15.7 percent from 15.3 percent. Overall, online brokers executed 69 percent more trades than they did in the previous quarter, Piper Jaffrey said, up from a 55 percent growth rate in the previous quarter. They added 2.5 million accounts. Assets grew 23.5 percent, topping $1 trillion. San Francisco-based Schwab executed an average of 293,318 trades a day, added 400,000 new accounts and $683 million in assets in the quarter. Ameritrade Holdings Corp. gained ground, passing Datek Online Holdings Corp to become the No. 5 broker. Ameritrade's market share rose to 9.5 percent from 8.8 percent in the fourth-quarter, while Datek's fell to 8.8 percent from 10 percent. Tradescape.com Inc., which specializes in active traders, joined the top 15 with 1.5 percent of the market. The company's 2,000 accountholders made an average of 20,501 trades a day. DLJDirect, Scottrade, the online brokerage unit of Scottsdale Securities Inc., Dreyfus Corp. and National Discount Brokers Group Inc. all lost market share. Cybercorp, now controlled by Schwab, and Quick & Reilly Group Inc., the brokerage unit of Fleet Boston Financial Corp. were the other gainers. Piper Jaffray said traditional brokerage firms like Merrill Lynch & Co., Morgan Stanley Dean Witter & Co. and American Express Co. have refused to release their online brokerage results, but don't appear to be making significant progress in online investing.