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Non-Tech : E*Trade (NYSE:ET) -- Ignore unavailable to you. Want to Upgrade?


To: Robert Giambrone who wrote (3038)6/13/1998 11:17:00 PM
From: pcyhuang  Read Replies (1) | Respond to of 13953
 
Hi, Robert:

The best online option broker that I have found so far is
Ameritrade, who understands the options business very well. Another
potential candiate is Mr. Stocks Inc. which will be introducing
an order-entry mechanism for spread trade soon.

best regards,

pcyh

---
pronet.com.tw



To: Robert Giambrone who wrote (3038)6/22/1998 8:11:00 PM
From: Robert Giambrone  Respond to of 13953
 
E*trade Group May Start Electronic Options Exchange

New York, June 22 (Bloomberg) -- E*Trade Group Inc., an online brokerage firm, is trying to become an electronic options exchange, according to industry insiders, Wall Street Letter reported. The move comes as electronic trading systems operated by foreign exchanges are taking market share from U.S. options exchanges. Palo Alto, California-based E*Trade approached several members of the Pacific Stock Exchange about making arrangements for executing trades in listed and over-the-counter stocks, and then decided to build its own electronic options exchange because none of the options market makers could meet its needs, the newsletter reported.

E*Trade stock fell 21 percent since April 3 on concern that its profits will suffer from falling commissions and tougher competition among electronic brokerages. (Wall Street Letter 6/22 p.1)




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