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Non-Tech : MB TRADING -- Ignore unavailable to you. Want to Upgrade?


To: Ross who wrote (107)5/3/1998 8:22:00 PM
From: jawd  Respond to of 7382
 
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To: Ross who wrote (107)5/3/1998 8:54:00 PM
From: eWhartHog  Read Replies (1) | Respond to of 7382
 
If you demand a buy-in of less than 100% of outstanding MB short positions in a stock, how is this allocated among customers? Is the allocation solely up to MB's discretion, or do you use a system such as LIFO, FIFO, random selection, or a percentage of each outstanding position? Also, are you aware of the method used by Southwest Securities to allocate partial buy-in demands among their various clients, including MB? This is a matter of interest to shorts which never seems to be included in brokerage firm disclosure statements.



To: Ross who wrote (107)5/3/1998 11:19:00 PM
From: ojai  Respond to of 7382
 
Ross-

Thanks for clearing that up. There seems to be a lot of confusion about shorting stocks. It says right in your info pack that we need to call in if we want to carry a short overnite, which I haven't done by the way. Also, when I "borrow" stock to do a short sell, there is always the possibility that the stock can be called back in from the "lendee" if I understand things right. This rarely happens, due to normal float levels and trade volumes, but KTEL was obviously an exception. BTW, thanks for not having KTEL available to short, I would have shorted it and gotten killed!
-ojai



To: Ross who wrote (107)5/4/1998 4:21:00 PM
From: Lino  Read Replies (1) | Respond to of 7382
 
Ross,

Would you please explain "float" and where we may find the information on the float of stocks on a daily basis.



To: Ross who wrote (107)6/6/1998 7:44:00 PM
From: Ross  Read Replies (4) | Respond to of 7382
 
I more than anyone can not be more proud of the popularity and acceptance of MB Trading as the most reliable, dependable and economic method of online real-time trading available. Our clients have enjoyed helpful and knowledgeable support from our team as well as a tried and true software platform where their trading ideas can be acted on and executed in a matter of seconds. MB Trading has allowed our clients to be our greatest form of advertising. We have never engaged in activities that could ever be construed as underhanded or even slightly suspect and we never will. In fact, we have and will continue to admire those in the same business as us. Several fine companies offer similar services such as ours. Each company has committed themselves to the expansion of what was once a secret community. These companies understood the benefit of delivering a product that allowed the day trader and investor to escape: sold order flow, front running and finally, exhorbident commissions. These companies listed below should be commended for there fine work:

AB Watley
Castle Securities
Broadway Consulting
ATFI
KillKey
DATEK

to name just a few...

It seems our thread on SI has become a billboard for particular services that instead of choosing to expand our industry as others before us, chose instead to display the darker and destructive side of desperation.
We are proud that people looking for a service such as ours stop by for unbiased review by posts from our clients and prospects. We are equally flattered that a service in our same industry believes that the best place to hang a sign is where everyone is looking. Unfortunately, it is not fair to those companies listed above which deserve equal credit and have engaged in nothing but solid business practices to gain there foothold in the online trading community.
If MB Trading turns out not to be the company of choice for our clients and prospects then I am sure the above companies will welcome the business and opportunity as we have.

MB Trading is a concept that works. It works due to a group of over 80 individuals each a specialist in their area of expertise. This group provides the largest back office and support team in the real-time trading business.

Message 3637173

Our clients will always benefit from the honesty and integrity of our company. We will never engage in advertising or marketing methods, which puts the size or our customer base in front of our dedication to service and support, each and every client means the world to us.

Thank you again for all of those who have chosen MB Trading as their trading platform as well as those who have considered us. We look forward to our continued relationship.

Ross Ditlove
MB Trading
888-790-4800
mailto:manhattan@atthemoney.com