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To: Jon Koplik who wrote (21348)1/15/1999 9:48:00 AM
From: engineer  Read Replies (1) | Respond to of 152472
 
I can tell you that Schwab is and has been very bad for months now. You wait 10-15 minutes to make a trade most days. Really looses it's value if you loose $1000 on an option trade waiting on the phone.

If this internet trading craze were one day, then perhaps it would be understood, but the nature of hte business these days is that the WEB based trading has caused alot of people to trade alot more often and this is increasing the trading volume alot.

since for Schwab, it is the trading that is the whole game to them, I do not see why they would not add alot of resources to make this happen. Even their WEB page is so slow these days, it is nearly impossible to use.

And, rather than embrace alot more trades (Hence commisions...), they setup new rules which limit the ability to trade on internet stocks. If they are not careful, some of these discount guys will figure a way to capture this part of the market and schwab will go the route of the full service brokers. Higher fees to a smaller number of captive customers...