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Strategies & Market Trends : SOES Trading -- Ignore unavailable to you. Want to Upgrade?

To: Chris Block who wrote (1074)	11/11/1997 2:56:00 PM
From: Bill Beatty	Read Replies (1) \| Respond to of 1618

Chris, do market makers have 90 seconds to accept or decline a bid or offer? If so, how would you take advantage of market makers that are out of line with the market? All orders have to be entered by a registered rep, correct? So, orders placed "electronically" by your cyber trading system are still entered by a rep manually on a level3, which costs time. Bill

To: Chris Block who wrote (1074)	11/11/1997 6:05:00 PM
From: Mark Davis	Read Replies (2) \| Respond to of 1618

Suretrade is NOT a SOES firm, and I was not making a comparison as such. They are an E*trade type outfit. I was using them as an example of how low commisions are getting. That price is good for markit OR limit up to 5000 shares. A SOES house getting 2C a share wants $100 for a 5000 share trade vs $7.95 I know about selling on the offer via SNET or Island in a SOES room , but I believe the price charged for these services are too high, especially when you are expected to sit and trade in any market, good or bad. I'll wait out the shakeout.