Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : From the Trading Desk -- Ignore unavailable to you. Want to Upgrade?

To: Coyoti who wrote (2368)	1/21/1998 7:27:00 AM
From: steve goldman	Read Replies (1) \| Respond to of 4969

A couple of items: 1. Iwould strongly recommend employing the use of a Dual/Four-way monitor card. These are easy-to-install monitor cards that allow you plug mulitple monitors into one PC. Since the most expensive unit is the quote feeds, $200ish a month, a one-time outlay of $300 bucks for a dual card and $500 for another 17" monitor doubles your real estate for one time 700 expenses yet you keep you per month charges the same. 2. Deals with online firms: Nobody gives away anything for free. If they are giving you $120-$200 in quote services for free (or subsidizing, whatever the case) then they are getting it elsewhere. Remember, the $125-$200 is ONE 1/4 of a point. All you have to do is get a 1/4 point more, through a better execution, more timely execution, a price improvement, OR NOT HAVE A MARKET ORDER run against you the 1/4 point (penny saved=penny earned). My feeling would be to pay the $125 for your own service and go with the best firm out there that can get you the1/8 and 1/4 many times each month. As well, we all know how buggy the internet can be....sure, 95% of the time (maybe even 99%) of the time, no problem, smooth, reliable, kind of fast...the 1 timeyou can't through or the one time you have to wait an extra 30 seconds to get an out, a confirm of a cancelled order, before you can change your order, you will give back any and all savings and then some. I don't do it that often, but if you want an idea of how quickly you can get intouch witha trader at a firm like ours, try reaching me at 800-221-5676, guarantee you...2 rings max. My point (besides offhandly suggesting my firm in this discussion of other firms) is that don't simply go for the cheapest commissions or the firm that gives stuff away for free. You would never go to a bank to get a toaster if you knew that their rates were such that you could have paid for that toaster in extra earned interest elsewhere in a month or two. Also, the 100 million dollar censure...I think we are talking two different findings. The one you are referring to, i entirely agree with your date. It was VERY recently and specific firms were presented. I am referring to a report by SEC whereby the NASD agreed to spend 100 million to up surveilliance, outof which came the RADAR system, the online system that scans for keywords that are misleading and the new OATS system. The NASD.com has publications and some of it can be found in the 96-81 series of articles. But I do retract my statement that the fees (which began the next month) were specifically to collect these monies. Interesting that they came the next month, though. Regards, Steve@yamner.com