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To: Dominick who wrote (10469)8/30/2002 2:43:02 PM
From: LPS5  Read Replies (1) | Respond to of 12617
 
More interesting would be: on average (across a spectrum of brokerage firms), what percentage of net revenue was composed of spreads off of interest rates from 1997 through 2000...and what it has grown to, on average, with the massive overall decline in transaction volume since the bear took hold...

L.



To: Dominick who wrote (10469)8/30/2002 3:08:40 PM
From: Jon Tara  Read Replies (1) | Respond to of 12617
 
It's a cash account there is no interest on customer's margin.

And, in any case, the rule PREVENTS the customer from trading until the sale has cleared.

Maybe you could try to make your point more clear - I'm afraid I still don't get it...

I was thinking that it deprives the firm of a good deal of commission revenue, if customers are prevented from churning their accounts.