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

To: William G. Murray who wrote (2563)	5/29/1999 6:12:00 PM
From: David L. Carter	Read Replies (1) \| Respond to of 3216

I started using Cybertrader a few weeks ago switching from AB Watley/Ultimate Trader/Real Tick. AB Watley has good service only the software is no where near Cybertrader. The biggest differences are: a) Trade execution speed in fast moving markets. Maybe it was me but I had a hard time matching up the ECN and price. By the time I entered all the right data and confirmed the order, the market had moved past the price I was trying to enter or leave. With Cybertrader's smart limit and market orders, my trades are almost instantaneous. I can jump out of a stock so quickly with ECN's that didn't even appear on my level two screen. IMO the trade executions are twice as fast as AB Watley. b) Limit sells, buys, trailing market stop loss orders, etc. On my other system I had to be watching the system all the time. Sometimes I had a meeting or just went to the bathroom and the stock had drastically moved losing equity or opportunity. AB Watley said that only the NYSE orders could have a market stop loss, etc. With Cybertraders system I can put a trailing stop loss that acts like a ratchet protecting my equity throughout the day without worrying. The only negatives are an occasional freeze,,, but what software doesn't do that AB Watley told me I needed to restart my software or computer in my opinion signifying memory leaks, so nothing is perfect. When I first tried to set up my account I found I had to move the thing along myself. It seems like they are in no big hurry to get you on board and trading. After they knew I was serious and started trading, they seem to be responsive. Good luck and remember these are only my opinions.