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

To: funk who wrote (2920)	12/20/1998 8:30:00 PM
From: Dan Swartzendruber	Read Replies (3) \| Respond to of 7382

> Fair enough. Lets talk about what does matter. Okay, I'm listening. > MB Trading has several things that JPR does not. Such as? This is what I keep hearing from TNT customers, but there never seems to be anything worth $12+ per ticket. I'm not yet a heavy trader (doing maybe 4-5 roundtrips/day), but even at that, this still works out to $2000 or so per month extra. Need to be some pretty hefty bennies to justify this, in my book. > Scanshift claims JPR is getting ARCA, however there are some other sacrifices you will make if you choose the cheapest broker. > First and foremost, you will forego A pre and post market trading desk staffed by licensed reps. Maybe this is useful to you, but it isn't to me. Certainly not enough to justify $2000+ per month extra. > Second, You are paying for your order entry only. You will have to purchase your data feed from another vendor. This means when you have quote trouble with open positions, and you will have quote trouble once in awhile, you will need to call one office to handle your trades and a separate entity to support your quotes. This is at best misleading, and at worst dishonest. JPR gets the same S&P data feed as everyone else. Are you seriously claiming that if my S&P userid/password gets screwed, that MBT will be able to do damn-all for me? That they won't just pass the buck up to S&P? > Third, the cut-rate pricing, ensures that JPR will never have the loot to make the investments in hardware and personnel that MBT does. Unless you know something about the distribution of the $20 tickets that the TNT offices charge, I don't know how you can possibly say this with a straight face. If MBT gets to keep virtually all of the ticket charge, what you say may be true. Then again, it's possible most of the extra is going straight into the pockets of the principals of TNT. I don't know which is the case. I have asked, and Jerry Putnam has been conspicuously silent on the subject. Unless you have some inside information on this, the above is just BS. > I will promise you, MBT is going to offer much more to its customers in the future than they give us right now. Ya its hypey but its true and time will bear this out. Do you work there? Do you have a girlfriend who does? A drinking buddy? How the hell do you know?