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.

Non-Tech : E*Trade (NYSE:ET) -- Ignore unavailable to you. Want to Upgrade?

To: Diamond Jim who wrote (6171)	4/22/1999 6:27:00 AM
From: Dorine Essey	Read Replies (1) \| Respond to of 13953

ETrade to offer choice in trading ARLINGTON, Va. (AP) - Internet broker ETrade Group plans to offer Nasdaq trading customers the option of completing their orders through an Electronic Communications Network, which execute trades with no intermediary. Traditional "market makers," which currently handle most trades, pay brokerages to send them orders. They often use their own inventory of stock to complete orders, pocketing the difference between what they paid to buy it and the investors' purchase price. ETrade, based in Palo Alto, Calif., will begin offering customers a choice between the two methods in the fourth quarter, USA Today reported Wednesday. It will route orders to an ECN called Archipelago, of which ETrade owns 25%. See full story Return To Top \| Technology