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Non-Tech : A.B. WATLEY - THE ULTIMATE TRADER! -- Ignore unavailable to you. Want to Upgrade?


To: jocko who wrote (307)4/10/1998 3:00:00 PM
From: WallStBum  Read Replies (1) | Respond to of 2045
 
Someone else mentioned Dreyfus as a good online broker, but then I heard they don't trade securities under $1, which is half the stocks I own (g). Sounds intriguing though. Is the $50/month Level II just the exchange fee? That's it for level II? If so, I may take another look for my big stocks, ya know, those from $1 to $5 that I own.

dax



To: jocko who wrote (307)4/10/1998 3:13:00 PM
From: TFF  Respond to of 2045
 
jocko is the Dreyfus order entry screen web based?



To: jocko who wrote (307)4/10/1998 5:23:00 PM
From: Chuck T  Read Replies (2) | Respond to of 2045
 
Jocko, thanks for the kind words on StockEdge Online.

For those interested in Nasdaq Level II, here's the deal. DBC is including Nasdaq Level II Market Maker quotes at no extra charge if you are an prepay annual subscriber. Exchange fees are billed monthly and the fee for L2 is $50 - that goes to Nasdaq. The newest software version also includes time & sales displays and historical charts for no extra charge. To read about all the features go to: dbc.com

This is available with any of the brokerages partnerships we have. Dreyfus will credit back $75 to your account if you make 5 trades per month. Irby, Dreyfus is web based but it is connected to their electronic order entry system. To check out Dreyfus which Jocko mentioned to go:

dbc.com

On another point, I saw something about 'getting another T1'. Maybe you all should do the math - at peak using only 28.8 and 56kb modems a T1 will support less than a couple of hundred users at best. DBC has 60 T1s going to 90! These are really multiple T3s that are well connected thru uunet and mci. Dreyfus also has a T3. Just something to think about.....

Good trading,
Chuck T.
DBC
dbc.com



To: jocko who wrote (307)4/11/1998 1:01:00 PM
From: pezz  Respond to of 2045
 
'Well Jocko,Dreyfus sounds pretty good .Some questions though, Do they sell order flow? Can you buy or sell in between the spread?Will they make use of Island or other ecn's? Although I am a position trader I still want the best prices when I buy and sell. The only problems I have with Watley is connecting on occasion .I hope they can repair this.If I begin to have other problems such as have been mentioned here I might reconsider.
pez