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Re: Joe Stocks post# 262126

Saturday, 06/26/2004 1:09:35 PM

Saturday, June 26, 2004 1:09:35 PM

Post# of 704047
-- You seem to have a good grasp of Schwab's different offerings. --

Um, I know what Cybertrader has, since it basically has one offering with two lesser subsets. After spending another half hour today wandering around Schwab I still don't have a handle on their dizzying array of offerings, requirements and fees. And I only finally found Street Smart Pro by giving up and putting it in their search engine. You're actually in their active trader classification, which has two offerings, Signature Trading and Trader CT. Signature Trading has as one of it's access methods Street Smart Pro. Not sure what they call Trader CT's software, but Cybertrader is providing it. It looks like the main differences are Signature has phone support, premium research and $14.95 per trade, and CT doesn't and only $9.95 a trade. And it appears Schwab just implemented a bunch of new fee structures, mostly lower, but they don't effect these.

Mostly I'm just looking for another data feed with backfill to replace Ameritrade, but what I'm seeing at Cybertrader and Schwab Trader Ct, I may do more trading with them. My main trading account will still be at IB. And Cybertrader can be only $9.95 per trade depending on where the trade took place. Island doesn't have any exchange fees, so trades there would be only $9.95. I just in the past had never looked at Schwab thinking they were too expensive, but they look to be coming out with new more aggressive pricing and offerings. I'll try and play with the simulators later on.

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