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Non-Tech : A Reform Proposal for broker access -- Ignore unavailable to you. Want to Upgrade?

To: Pete who wrote (4)	10/28/1997 3:27:00 PM
From: capitalistbeatnik	Read Replies (1) \| Respond to of 18

Generally I hate government solutions, which is largely what caused this problem. There is no reason that ESchwab and other services cannot create a proxy backup integrated with their main site when their main site fails. You log onto your local server with the trade in a proxy site to archive your intent. Then later on they can sort it out when things calm down.

To: Pete who wrote (4)	10/29/1997 1:45:00 AM
From: Ryan	Respond to of 18

The problems with the discount brokers weren't just US based today. In Canada most (if not all) of the discount houses run through the big banks. I trade online through the Canadian Imperial Bank of Commerce (CIBC) and have never had a problem prior to today. However, this morning it was no dice...the service was jammed! However, I think it is important to realize that yesterday was a point record drop, and today a point record gain. These were historical milestones and now the brokerage houses have a benchmark that their systems must be able to keep up to. With the heavy competition in the states these houses endure you can bet the service will be upgraded immediately or they risk going out of business. I just wish the Canadian discount brokerage houses faced as much competition. If anyone knows of any deeper discount houses than the major banks in Canada I'd love to hear. I feel I'm still paying far too much even with our discount houses. -Ryan