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Gold/Mining/Energy : Position Trading in Canada -- Ignore unavailable to you. Want to Upgrade?


To: Kevin Jersey who wrote (417)1/13/1999 12:55:00 PM
From: the Chief  Read Replies (4) | Respond to of 2259
 
Believe it or not Ken most traders appreciate the reduced fees for trading, but anybody that does this for aliving is more concerned with execution time.
Canadian traders are tired of shops setting up that take 10-14 minutes in a moving market to execute a trade. Royal bank NetAction "advertises" average execution times of 2 minutes! Small caveat though in moving markets the average shoots up to 14 minutes!!
I always test them in moving markets because i intend on submitting an analysis of the crap we have in Canada to The National Post Newspaper.

I posted a trade at 10:58AM for a Vancouver penny stock to see how they are doing, the bid did not appear on market depth until 11:31

So they have set a "world record for incompetence"!!!

So before people start sending in there names what "execution speed" do you "promise" ??

the Chief