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Non-Tech : DLJ direct ... On Line Broker ( PCFN ) -- Ignore unavailable to you. Want to Upgrade?

To: Richard James who wrote (134)	5/9/1999 4:08:00 PM
From: Richard James	Read Replies (1) \| Respond to of 171

Just got off the telephone, on a Sunday. Spoke with a trader at DLJdirect. Although the lowest fraction in which an order may be placed over the internet is a 16th, DLJ will accept 32 and 64 orders by calling a rep. Also, although stop&limit orders may not be placed by internet/market speed, they may be placed through calling a rep. I also asked if DLJ uses Internet Assistants. The rep didn't know what I meant,as DLJ has all trades, telephone and internet, handled by series 7 or better representatives. I believe some of the deepest discounters use Internet Assistants. (I may be wrong, but I believe NASD rules permit the use of non-registered personnel, when supervised by a registered rep, to perform purely administrative functions. There use can create a problem at times,and I like the fact that DLJ does not use IAs.) Also, Cash Management Accounts are offered on accounts in excess of $10,000, otherwise approximately 4% interest is currently being paid on cash balances. FWIW, Sutetrade pays 1.5% and DATEK approximately 3.19%.