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Non-Tech : CYBERTRADER -- Ignore unavailable to you. Want to Upgrade?

To: Dan Clark who wrote (2358)	4/15/1999 4:45:00 PM
From: Sir Francis Drake	Read Replies (1) \| Respond to of 3216

Dan - I don't use QCharts. If you are already a Datek customer, then I don't see any reason to be a CyberX customer. CyberTrader, is a different issue, and I addressed this in my post to Bob Rudd. No, I don't use CyberSmart routing. My take on this, is that I'd rather have full control over my trading tools with Cyber. IF I was to entrust my order to some software, then I think Datek's is far superior. I'm not familiar with QCharts, but if they work for you, then I think using them in conjuction with CyberTrader might be a good idea - I myself tend to combine tools from several brokers (most importantly extra quote feeds); however, I still don't see any reason why you should use CyberX - to me, it's either CyberTrader, or Datek (or, as I prefer, both). I think CyberX is CyberCorp's attempt to cash in on the much bigger market of "softcore" traders (essentially the web based brokers customers) - a market that is many, many orders of magnitude larger than the hardcore daytrading traders who are CyberTrader customers. Will this strategy work? I don't know - I think that they will have serious problems competing with the brand name brokers, such as Datek, Etrade, Waterhouse, Schwab, etc. - they don't have the name recognition, and probably don't have the bucks to advertise effectively. OTOH, all they need is a tiny slice of the huge pie or "softcore" traders. Bottom line, I don't see why an informed trader/investor would go with CyberX - the alternatives are Datek type brokers, or direct order entry brokers... CyberX falls between the stools, IMO. Then again, I really shouldn't speak on this, because I didn't take a good look at CyberX - maybe if they offer something Datek doesn't, they could have a place in the brokerage industry.