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

To: Leland Charon who wrote (2957)	2/12/1998 7:31:00 AM
From: funk	Read Replies (1) \| Respond to of 12617

Steve, you lost me, its easy to do. I thought you wanted to stir up debate about the advantages of not using a "direct" trading system on our computers. But then in the next post you state that Yammer is prolly going to get set up with DLJ Direct.... so what is to debate? Steve, you provide a SUPER, excellent service to your clients, the addition of an online system at Yamner seems like a wise move. The time factor , i think it is ALMOST a toss up, just seconds. However the thought of speaking with an "expert" when I am a lowly daytrader and a newbie at that....yuk. PSYCOLOGICALLY, I don't want to interact with a broker to trade. I dread it. It is an extra hurdle that I would rather not jump over. Perhaps after I have been trading for ten or twenty years (assuming I get through the rest of the week), I wouldn't mind talking to a broker a few times a day. By then I prolly won't even be able to. Prolly be outlawed or something, keyboard entry only.... I guess everyone else on the thread has no opinion on the issue. ZZZZZZZZZZZZZZZZzzzzzzzzzzzzzZZZZZZZZZZZZZZZZZZzzzzzzzzzzzzz..... the thread is so sleepy. funk

To: Leland Charon who wrote (2957)	2/12/1998 9:27:00 AM
From: steve goldman	Read Replies (2) \| Respond to of 12617

The NASDAQ has taken a lot of flack for the problems with its marketplace. It has tried to address them with SOES but that has been utilizedby day traders which is against the best of interests of those who run the NASDAQ, the Large firms. They are proposing the Next Nasdaq, I believe, which willmean that when you enter an order in between, it instantly is reflected in the inside market whichis better than current manning rules which gives a market making firm upto30 seconds to work the order internally before having to display it. That really doesnt really address SOES but more selectnet. Soes is tobe changed. To be honest, I havent seen materials from NASD in a few months, so I do not recall right now how it changes it, but I believe it impacts the mm's exposure to the market and time to update quote etc, min/max exposure. I will check the bulletins when I get a moment, a refresh myself on the changes to soes, that are PROPOSED. It probably will be a net advantage to those traading less volatile stocks where improving the market might help. For SOES traders, I think it sounded like a negative. Remember, the NASD is run by larger firms. Look who chairs the exchange, etc. They don't like SOES. Regards, STeve@yamner.com