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

To: JerryPutnam who wrote (2868)	12/19/1998 7:10:00 PM
From: tom pope	Read Replies (2) \| Respond to of 7382

Hi Jerry. I did not get the impression from your posts that ARCA would perform about as incompetently as a bucket shop. I did get the impression that it would take me to the best inside bid, and that it would do so in less than a minute. It didn't. >>I never recommended anyone use a market order<< I now understand that. On the other hand, you didn't recommend against it either. What you said was: >>You don't need to place market orders to get the best price on ARCA. << You got that one right. >>If the stock you are trading is thin and moving I would not use a market order<< A 3MM share day is thin? >>You have the right to complain about your fill<< I did. I won't say the MBT guy hung up on me, but it was close. I was not offensive to him. I have no objection to using ARCA. I've used it successfully in the past, and will go to it in the future. Also I'm not one who thinks the dice are stacked against the small trader, or that there's a conspiracy against us. All I am saying is that ARCA performed abominably in this case. Best Tom

To: JerryPutnam who wrote (2868)	1/8/1999 9:20:00 AM
From: JerryPutnam	Read Replies (2) \| Respond to of 7382

MB Trading's business has never been better. I know, Terra Nova Trading had to hire 2 more people in the new accounts department to handle the new customers. Why doesn't every successful broker start a broker dealer? Why doesn't my biggest critic get off this chat room and start a broker dealer? So much energy could be used to be productive instead of destructive. The people, including MB Trading, who built Terra Nova Trading are proud of what they have accomplished and stay with Terra Nova because it is valuable to them.