| Ive pretty much assumed that if theres a bum rush going on in the
market that theres going to be a (trading) bottleneck because the
overall Internet will be bogged down, said Keith Christensen of
Wappingers Falls, N.Y., a customer of the online brokerage DLJ Direct. |
| FRTI trading 5s- to Offer Online Trading January 1 TRAC trading as high
12on news that it will offer online trading -following the lead online
broker rockets NBD and SIEBs , both of which have doubled this week on
increasingly excitment over the sector
http://biz.yahoo.com/bw/981230/track_data_1.html |
| Even before the recent spate of slowdowns and system outages, most
online brokerages had been continually upgrading their networks to
handle the growing traffic. |
| I ask this because of the flood of commercials I see for online
brokerages. Some are quite funny, like that Ameritrade one
where some person working at a business photocopying his face
teaches his boss how to online trade, but others seem to promote
online trading, mainly frequent or day trading, as ones key to
a secure financial future. |
| Surge of Online Trading Tests Internets Capacity
2.13 p.m. ET (1913 GMT) January 16, 1999 By Bruce Meyerson
NEW YORK — Once again, the rush to cyberspace has proven too much for
the Internet to handle.
In much the same way that America Onlines network was snarled by
enthusiastic new customers two years ago, online brokers, including
industry leaders Charles Schwab and E*Trade Group, have been plagued by
delays in filling customer orders amid a crush of trading. |
