| 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. |
| The growth of trading on the Internet has been phenomenal and its hard
for (online brokerages) to shut off the faucet. When someone wants to
open an account, its hard to say, No, we dont have capacity for a new
account, said Junius Peake, a professor of finance at the University
of Northern Colorado in Denver. |
| To continue on with this, wasnt there just some report submitted
to Congress on gambling in America, and what might need to be done
to curb it? As I recall, I dont think anything was said about
frequent online trading, but dealt with the spread of casinos,
lotteries, horse racing, etc. |
| Christensen, 35, said periodic slowdowns while using his online account
is nothing new. Ive noticed (system delays) from the beginning. A lot
of the time I will ask for a page and it will tell me that its
unavailable. It happened today when I went to look for a price on one of
my stocks, he said. |
