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


To: IdiotJed who wrote (2771)4/15/1999 7:44:00 AM
From: IdiotJed  Read Replies (1) | Respond to of 4467
 
Globe says BMO's InvestorLine under stress

Bank of Montreal BMO
Shares issued 265,853,572 Apr 14 close $66.35
Thu 15 Apr 99 In the News
Also Toronto-Dominion Bank (The) (TD)
Also Royal Bank of Canada (RY)
The Globe and Mail reports in its Thursday, April 15, edition that discount
brokerage executives say a rash of service complaints from irate clients
over the past several days is the result of a huge increase in trading
volumes, particularly among Internet-related stocks. The Globe's Richard
Blackwell writes that Bank of Montreal's InvestorLine discount broker has
had jumps of over 40 per cent in volume over the last 10 days creating
"volume challenges." Those "stresses" are infuriating many investors who
can't get through by phone, computer or the Internet to make trades.
Trading in Internet related stocks, such as Bid.Com International and
American Gem, has been intense lately. Royal Bank of Canada's Action Direct
plays down recent glitches saying delays tend to happen shortly after
market opening "when the whole world wants to come in at the same time."
Toronto-Dominion Bank's Green Line Investor Service, which has been
criticized a lot lately for delays and outages was performing much better
yesterday after a major capacity upgrade on Tuesday night.
(c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com