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To: robert b furman who wrote (3092)12/7/2000 3:35:50 AM
From: zonkie  Read Replies (1) | Respond to of 3813
 
This link takes you to a page that rates brokerages by their speed. Click on "broker research" for more information about them and links to different brokerages.

smartmoney.com



To: robert b furman who wrote (3092)12/7/2000 8:16:53 AM
From: orkrious  Read Replies (1) | Respond to of 3813
 
Bob, I use Brown & Co., DLJ Direct, and Fidelity. Brown has great execution, the cheapest commission rates, and their margin rates are cheaper than anyone. However, the rate the pay for cash sucks.

Since the middle of the year, I've moved most of my stuff to DLJ. They have a good rate for cash, good service, they don't charge extra to talk to someone, etc. I did this because I've been raising cash. When I start buying on margin again I'll move more back to Brown.

I use Fidelity for my IRA because they are the only one to pay decently on cash in an IRA.

Hope this helps.

Jay



To: robert b furman who wrote (3092)12/7/2000 8:48:52 AM
From: BWAC  Read Replies (2) | Respond to of 3813
 
I don't know your exact needs for a broker.

But I would suggest Brown for a no frills, get the order done promptly and at a cheap price. They do pay low rates on cash balances, but they also have a low margin rate. Sometimes Brown can be hard to get on the phone.

Ameritrade also seems to have its act together. They have a feature now that shows the time your order was submitted and the time execution was reported back. Under 3 seconds has been normal lately. Also if you trade Options, Ameritrade has recently lowered its commissions to $8 plus $1.75 a contract.

In the online broker world you will find it is best to have 2 or 3 different brokers. Sometimes a backup plan is good, although lately seldom needed. If I had to pick 3 I would say Brown, Ameritrade, and DLJDirect. Using DLJ mostly for buy and hold and research.



To: robert b furman who wrote (3092)12/7/2000 9:58:38 AM
From: LemonHead  Read Replies (2) | Respond to of 3813
 
Hi Bob, there might be some info at this new Margin thread.

Subject 37510

I haven't read all the posts yet, so I really don't know if it would be of use to you.

Keith