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To: kha vu who wrote (22115)	1/17/1999 9:43:00 AM
From: kha vu	Respond to of 120523

WSJ: followup the column Heard on The Street 01/14. This article is not published under the Heard on the Street column as summarized under posting: Message 7298074 It is an interesting followup about the problem that online brokerages encountered the meltdown in the past week. Charles Schwab went down last Friday. Waterhouse and Discover Brokerage purposely took their web sites offline for brief periods. Waterhouse has to pull back the planned advertizing until its system recovered: last week there were 120,000 trades, 65% were placed online. This is four times the normal volume that Waterhouse handles weekly. Etrade is still struggling: every day is a record trading day this year. It is pointed out by First Boston analyst that many online trading firms executes nearly 20% of their orders in the first 30 minutes of the trading day since most of these orders were entered by investors log in trades in the evening when they get home from work. This creates a stress on the firms system as well as for NASDAQ market makers in the confirmation of the executed orders. To solve this problem Etrade hired 100 new phone representatives. Schwab is converting the older computer system to a more modern network. NOTES: can you share with us what online brokerage are you using now... I had terrible time with Waterhouse, Etrade and Ameritrade.