Fannie Mae Preferred S (FNMAS)

[5bagger]

Brokers for preferreds "direct access"

Mike - When you say, direct access, I think you mean immediate fills.


Fidelity, Scottrade and OptionsHouse, TradeKing

Quotes Yes Yes Yes No
Bid/ask vol Yes Yes No No
Fills Immed Immed Immed Desk


TradeKing was not real good, as they had to call the market maker and they gave a quote over the phone (I knew it, because I had accounts at all these places.

It would take 5 minutes to get the fill, and that was too long. I was looking for "bargains" in arbitrage-type trades, buying one and selling another, so I went crazy waiting for the fills.

Short answer is yes, they give 'direct" and immediate fills.