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Strategies & Market Trends : The Final Frontier - Online Remote Trading -- Ignore unavailable to you. Want to Upgrade?


To: Morpher who wrote (645)10/28/1997 8:58:00 PM
From: steve goldman  Read Replies (2) | Respond to of 12617
 
1. The highest quality executions available, indluding price improvement (when available), order protection, order display;
2. Agency only representation;
3. No market making;
4. No principal transactions;
5. Cheaper;
6. Direct access to the trading desk;
7. market guidance, experience and traders to bounce ideas off of.
8. 20 years of market experience.

ABWatley, an excellent approach but lots of limitations as a result of data routing, fees, lack of professional overisght of an order. Today's open proved that a trader seeing the market should have adjusted their execution approach from one system to another based upon which systems, such as SOES at the open, were backlogged and getting nothing done. As well, a firm can go to town, and approach a market maker and demand stock. They would laugh at an individual client. And AB Watley is not going to go to town for you.

There are a few. The point is, if there we no advantage we would not be as successful as we have been for the past 20 years.

The idea is not to promote the firm as I am a trader and don't make $1 more in salary for anything that comes our way. But as head trader, I can tell from first hand experience there is a large difference in quality of services. If you choose not to see it, or choose to value a $15 in savings in commission as the more important factor, so be.

Best wishes,
Best prices for the day should be at the open, I will be a seller at the open and then look to buy back about 10:30am

Regards,
steve@yamner.com



To: Morpher who wrote (645)11/4/1997 7:20:00 PM
From: Jennifer Ramsey  Read Replies (1) | Respond to of 12617
 
Would you like to know the difference between CyBerTrader and Watley?

Have you shad the opportunity to see or trade with either of them?

Which of the following aspects are important to you ?

Real time quotes
Level II market data
NASDAQ
NYSE
Direct to ECNs
Real-time P&L and color coded "blotter"
Multiple Decision Support tools (help spot buy/sell opportunities)
Charts
News
Multiple market high speed execution systems
Account management tools
Risk management systems
End of day Trading reports
Chat line with other traders

I don't know anything about Yamner and Co., buy if you want to know about the above topics, please post a reply on the CyBerTrader thread.