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


To: scanshift who wrote (3153)1/7/1999 7:46:00 PM
From: Mack  Read Replies (1) | Respond to of 7382
 
scanshifty....

Hmmmm... So now Goldman Sachs, one of the most respected houses on Wall Street, is full of idiots. They must not read your posts on SI! I thank the Lord Almighty that I have stumbled onto this thread where you have taught me soooooo much. Delivered me from evil!

I cannot, for the life of me, figure out why Jerrry Putnam would choose Goldman Sachs and E*Trade as partners instead of you?

One of life's little mysteries.



To: scanshift who wrote (3153)1/7/1999 7:54:00 PM
From: wily  Read Replies (3) | Respond to of 7382
 
>>Cyberbroker's commissions are slightly cheaper because there is no limit to the amount of shares per ticket.

Scanshift:

I don't know how you can say that. Cyber-Brokerage has these add-on fees per their web-site

cyber-brokerage.com


Type of Execution Per Ticket Fee Per Share Fee

SOES $0.50 N/A
SelectNet Direct (Preference) $1.00 N/A
SelectNet Broadcast $2.50 N/A
Island Direct (DATA) Add Liquidity N/A -$0.001
Island Direct (DATR) Remove Liquidity N/A $0.0025
Attain Direct (ATTN) $1.00 N/A
Instinet Direct (INCA) N/A 0.0125
ECN (ATTN, INCA) N/A 0.015
ECN (BTRD) N/A 0.005
ECN (ISLD, REDI) N/A 0.025
Terra Nova (TNTO) N/A 0.005
NYSE N/A $.005


Maybe I am interpreting this wrong, but it seems to me this would add on signicant cost.

MB (per their web-site) adds on only in the case of INCA: 1.25c per share for Nasdaq, up to 10,000 shares, and 1.0c per share for NYSE above 2000 shares. Other ECN's, for example REDI and ATTN, aren't mentioned, and I would expect there would also be a charge there, but I believe there is considerable room for argument with your statement.

wily