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


To: TomO who wrote (2797)4/1/1998 9:16:00 PM
From: steve goldman  Read Replies (2) | Respond to of 4969
 
Perhaps someone like Fred or a few othe clients who frequent this site can respond here, but I would say that our execution capabilities are the highest in the industry. I full respect all that Ross at MBtrading has done as a new startup as well as other, yet we have been around 20 years and can claim a couple of things:
1. Immediately, direct phone access to our traders, all phones guaranteed to be answered within 1 or 2 rings, by a trader, immediately ready to take and execute a traade. On a marketable order, a SOES order might take an extra 2 seconds. Now most people are simply banging away at SOES trades and often the price improvements, and order protection we offer on trades more than compensates for being 2 seoncds slower on SOES trades.
2. We have been around for 20 years so you have good assurances of the firm you are dealing with, where you are placing your cash, is a solid one. We have never had a filing or complaint against our firm in those 20 years for any reason.
3. We dont make markets or act as principals and work each and every order, using every execution system to the clients best interest.
4. Our commission schedule starts at $30/per ticket for active traders plus a cent or two for orders where we can get you a priceimprovement, etc. Spending 2 cents to get 12 1/2 cents minimum is a good investiment.

There is no waiting with us. As well, we offer a chat site where clients log in and get advice and guidance from our traders who remain in contact all day. As well, we utilize ichat's pager system so guidance, advice etc, suggestions on best way to execute, can be done instantly.

If you're looking to do 30 soes tickets a day, banging away for 1/16s, Ross's system would probably be better. If you are lookig for some of the highest quality executions on the street, great SOES, SNET, superdot, phonebased, RAES,pace, whateve is available executions, as well as guidnace, advice and suggestions from experience, qualified traders, and a great backoffice and long standing reputable traders, call us.

Perhaps if some of our clients are prowling around up here, they could add some feedback.

Steve@yamner.com
yamner.com



To: TomO who wrote (2797)4/2/1998 7:41:00 AM
From: F R Bachmann  Read Replies (2) | Respond to of 4969
 
TOMO,
<<Perhaps if some of our clients are prowling around up here, they could add some feedback>>
To all that Rich had to say I respond with DITTO. My disclaimer - I'm not a daytrader but do trade equities and options. I was with Accutrade for awhile and switched to Yamner before the "unpleasantness" last October - when the media was giving all that play to the brokerages who were unable to serve their clients that day, I was able to talk to Steve on the phone and get done what I needed to get done right then, right there. As Rich mentioned, Steve knows his clients, their likes, dislikes, risk tolerance. If I call him with something I'm thinking about doing, I get the pros, the cons and most importantly, alternatives. Steve has talked me out of doing things (remember, I do nothing, Steve gets nothing - except of course a long term client) If I give him an order, it gets executed, quickly efficiently. I've actually talked to Steve at 5:30 in the am, I've had e-mailed questions answered at night, on weekends. When I call, Bernie, Steve and Yi know who I am. As you probably know, Yamner is not an "Online" firm but make use of some pretty technologically "way cool" methods of communications for clients.
Regards,
Fred



To: TomO who wrote (2797)4/3/1998 12:30:00 AM
From: Ira Player  Respond to of 4969
 
Tom,

I have been very impressed with the phone response at Yamner. Never more than the 2 rings 'advertised'.

I have had an account for a month or so. I haven't been doing much on margin lately and since I only deposited a little stock (That I need to hold onto for a while longer to reach 18 months) I haven't done anything more than a few covered calls. (And the stock is doing great, which means I jumped too quickly at the calls!!)

I work full time, am not able to watch the markets religiously and I'm not able to rely on electronic execution because of frequent changes in firewall configurations. My intention is to become more active and I am becoming comfortable with the people at Yamner.

All indications are that Yamner is all it is "hyped" to be.

I'll be stopping in to see the shop for myself near the end of July, while out there on vacation.

The above said, if I were trading full time, from home, cable modem (getting it in a few weeks!!!), etc. I'd go full electronic, point and click for most of the trades. However, I'd probably leave the piece at Yamner to maintain the relationship and the education it provides.

Best of luck to all.

Enjoy the ride,

Ira