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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: Eric P who wrote (8293)	5/5/2000 9:42:00 PM
From: Eric P	Read Replies (3) \| Respond to of 18137

While doing a bit more research into the new SuperSOES system, I came across the following information nasdaqtrader.com "Head Trader Alert #2000-32 - May 1, 2000 Trade-or-Move Rule Scheduled for June 5, 2000 and SuperSoes Rescheduled for July 2000 Nasdaq© would like to remind all firms that the implementation of the Trade-or-Move rule will begin on Monday, June 5, 2000, rather than on Monday, May 15, 2000. Additionally, the implementation of SuperSoesSM and the modifications to SelectNet© are rescheduled for July 2000. Scheduled testing dates for both Trade-or-Move and SuperSoes will be available in the near future and a specific release date will be announced in mid-June." Sounds like we're now looking at an unspecified July date for the SuperSOES implementation. Just when I was getting all worked up and excited about it, too... Note that this delay follows a similar postponement announced earlier nasdaqtrader.com; "Head Trader Alert #2000-27 - April 18, 2000 SuperSoes/SelectNet Implementation Delayed In an effort to address concerns raised by market participants regarding their ability to prepare their systems on time, among other issues, The Nasdaq Stock Market© will postpone the implementation of SuperSoesSM and modifications to SelectNet© until Monday, June 5, 2000. Implementation was previously scheduled for May 15, 2000." -Eric

To: Eric P who wrote (8293)	5/6/2000 5:36:00 AM
From: brec	Respond to of 18137

Caution on the Technology Investor review of direct-access brokers: it's got some significant errors of fact and method which can mislead. Examples: It would be easy to infer incorrect conclusions about the Terra Nova branches, because the article reviews Terra Nova itself as a broker and implies that the branches are distinguished only by "touchie-feelie" service factors; in fact the commission rates as well as the service departments of the branches are independent. The commission for On-Site Trading is said to be "a tad lower than its competition, $15.95 for Nasdaq trades and $10.95 and a penny a share for NYSE stocks." That rate is applicable only for volume of more than 1,000 trades a month. On-Site's rate for 1-250 trades a month is $19.95/Nasdaq, ($14.95 + $0.01/share)/NYSE.