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Gold/Mining/Energy : Day trading in Canada -- Ignore unavailable to you. Want to Upgrade?


To: traderjamie who wrote (4297)10/26/2000 8:21:41 PM
From: Ally  Read Replies (1) | Respond to of 4467
 
Interesting ranking of brokers. I deal with 3 of them: TD, Action Direct, and Etrade. Like TD the best, although more expensive than Etrade. Quite a few times I've entered a limit price, and TD filled at a higher price. So... it appears, TD doesn't get its market maker to play games with spread. For instance, today I sold NA aking $23.95 (6 bid $23.65, 40 ask $24.00) and TD filled me at $24. However, TD's server has habit of occasional breakdowns.. like in the morning when Nortel sank (what a time to break down).

I have very poor experience with Etrade... especially their customer relations staff. They don't know much and are very poor in problem solving. For example, they charged me for a service I didn't ask for and it took me many calls to various customer relations people before I got the problem fixed. And don't try and ask for a manager to resolve things for you... whoever the manager is he/she does not talk to clients!

Action Direct.. is typical Royal Bank culture... stuffy and expensive... and very unfriendly. Once I couldn't do an online trade cause their web was down. Phone the trader.. and before he agreed to give me the online discount... he said he has to test the web-site first!! I guess he thought I was trying to bluff him that the web-site was down!! What a stuffy organization!



To: traderjamie who wrote (4297)11/6/2000 9:54:34 AM
From: traderjamie  Read Replies (1) | Respond to of 4467
 
CATS is gone: globeandmail.com

Kind of...

But there could still be problems, Mr. Conyers admitted. "The current engine can handle significant numbers
of trades over a day, but it's got funny little bottlenecks in it."

A few stocks at a time will be moved to the new engine starting in the second quarter of 2001, with the
change-over scheduled to be completed in the third