Created: 03/25/2004 05:35:41 PM -
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This board is set up to find out information about different
kinds of online brokerage firms different people are using
and their experience with them..
i currently use the Mytrack platform for trading with level 2 and most of the time i really like it,it is easy to use and the ability to route your orders to several other market makers via on a java screen with level 2 is perfect..
the one problem i have and the reason to search out for anyone else who might have a system similiar is because of the market makers attitude who let mytrack route to them ..Unlike a ameritrade or etrade who might even get kickbacks for their orders,nite makes mytrack lucky to have them and makes unrealistic expectations with a 5 minute no cancel rule
where you are basically at their mercy.
plus the one minute rule of them holding your order even though the stock has now gone past either you bid or sell limits depending on the buy or sell order..
the bottomline is when you spend 6000 dollars a month in commissions you dont want a broker who does not have any clout or pull with their order flow and would not be too far out of the question to think that even your routed orders get pushed behind the other big brokerage houses that you use the same routing..
so let's see what you got and how you like them...