Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : LSI Corporation -- Ignore unavailable to you. Want to Upgrade?

To: DavidG who wrote (18095)	4/16/1999 11:44:00 AM
From: Jock Hutchinson	Read Replies (1) \| Respond to of 25814

Really! My broker, who is not a market maker, has been charging me 1.5 cents per share. They charge $5.00 to clear the trade as well. In the past six years, that has come to mean over one hundred thousand dollars. I really learned something today, since I always thought that I was getting a very good deal, which I do on service since I have a direct line to the guy who clears trades rather than a broker. Obviously there are other issues of greater importance such as access to the broker, time to execute an order, filling at the best price, and actually having your side sincerely represented in resolving disputes with the market maker/specialist, I had never thought of squeezing a lower rate on this particular type of transaction. Who knows? Maybe my broker is making a penny on each share, and the market maker is making the half of penny. At any rate many thanks for your info.