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Non-Tech : Web Street Securities (WEBS) -- Ignore unavailable to you. Want to Upgrade?


To: Mama Bear who wrote (193)1/10/1998 12:51:00 PM
From: Esteban  Read Replies (2) | Respond to of 1339
 
Barb,

Re: My first impression is that Webstreet executions aren't as fast as Datek or Waterhouse. But I've only made a few trades with them so it isn't a good sample yet.

I sure wish they would post the trade entry and execution times in seconds like Datek does. If a company wants to claim that most marketable orders are 10 seconds or less, there should be a way to verify that for the customers. Since I usually try for price improvement, I haven't been able to get a feel for execution times. The marketable orders I have made have all gone through quickly though.

If you sign up for their real time quotes, the executions are supposed to flash on the screen when they occur. Since I also use PC Quote, I don't have this feature. That would help quantify the time, except for you really don't know the reporting lag. Maybe watch your time and sales. Depending on the volume of the stock you're trading, you can probably tell.

Esteban