To: d. alexander who wrote (749 ) 1/14/1999 4:08:00 PM From: Colin Cody Read Replies (1) | Respond to of 1463
I use SEOL all day long. It has been very good most of the time for the past few weeks! I route most of my trades through the linked account with Wall Street Access. Basically after the initial payment to SEOL, my WSA account picks up the monthly tab via an arrangement with SEOL. I also have MBTreaders and RT3. RT3 is running consistently 10 seconds to 45 seconds or even more behind SEOL. Example: ONSL was $51 by $5 3/4 on RT3 with volume of say 650,000 shares but a quick flip to my SEOL window on the same computer says $52.50 by $53 on say 656,500 shares. Armed with this info I am able to enter appropriate buy and sell orders through MBT. Of course this is ridiculous, but I was getting no fills or bad fills with MBT/RT3 and I traced it to bad/delayed quote info. I also think the RT3 system (charts and T&S) is overly complex and cumbersome. I use SEOL because it is quick, and easy, and familiar, I just can't spend valuable time sitting in front of the RT3 screens and hunt and peck and guess what's good and what's not. Someday, I'll eventually migrate over to RT3, once I learn their system. I am willing to pay the $300 fee for a number of months while my volume is too low to waive the fee. In the meantime SEOL/WSA have 90% of my ticket volume and 99% of my $$ volume. Colin Oh, I see you asked about order routing through MBTraders/RT3. Once learned (and it is something you need to work at a little bit) it is EXCELLENT. Night and Day compared to WSA (who themselves are Great when compared to say Ameritrade). You'll read on S.I> about trades entered, executed and confirmed in 6 seconds... IT IS TRUE! My personal "record" is 2 seconds start to finish for a 100 share limit order on ONSL!