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Pastimes : ETRADE Sucks! -- Ignore unavailable to you. Want to Upgrade?

To: Plaything who wrote (618)	10/28/1997 12:56:00 PM
From: deep_rough	Read Replies (1) \| Respond to of 3262

Don't bother switching to Ameritrade or Discover. Neither one of them is accessible today.

To: Plaything who wrote (618)	10/28/1997 2:26:00 PM
From: AlienTech	Read Replies (4) \| Respond to of 3262

>>This is it. ETRADE is screwing all of us and today's inaccessibility is the last straw. << Why are you lying??? Cotsakos said E+Trade's online trade execution system performed "flawlessly," even though it faced double the normal trading activity. Web Brokerages Survive Raucous Day With Few Glitches PALO ALTO, Calif. (Reuters) - The central computers of online stock brokerages groaned under a crush of trades at the height of Monday's stock market plunge, but most of them continued to operate without a hitch. The online brokerage sites of companies like E+Trade Group, Charles Schwab & Co. and Fidelity Investments each reported slow response times because of record trading activity, but none of them stopped working or failed to execute a trade for customers, company representatives said. The online stock-trading business has been doubling every six months by some estimates, yet some investors have been leery about opening online accounts. The emerging industry faces a perception that investors would not be able to execute trades during a stock market crash because of heavy Internet traffic, clogged phone lines and bulky telecommunications connections. The steady performance of brokerage sites on a day when the Dow Jones Industrial Average had its biggest point drop in history -- 554.26 points to close at 7,161.15 -- could boost the image of the industry. "Today is very much a watershed day in the confidence of the investor," said Christos Cotsakos, chief executive of online trading pioneer E+Trade. "The speed to access content, market information and execution was markedly faster electronically than through a human." Cotsakos said E+Trade's online trade execution system performed "flawlessly," even though it faced double the normal trading activity. Other popular trading sites -- such as eSchwab, Fidelity Brokerage Services and Discover Brokerage Direct -- also had record traffic. Representatives of each site said their systems worked without a glitch. "We had no down time," said Blake Darcy, spokesman for investment bank Donaldson Lufkin & Jenrette Securities Inc., which runs the DLJ Direct online site. "Trading volume was 40 percent above normal, even considering that (stock exchanges) took an hour out of the trading day." The New York Stock Exchange, Nasdaq and other exchanges stopped the trading of almost all financial securities for about an hour during the day. Online brokerages, like human brokers, could not execute trades during the halt. For that matter I could not get access to account info and things till like the last hour. At least I could log on.. But coudnt do anything.. heh.. This assinine company should be put out of business.