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11/18/2008
Tuesday morning
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| One reason why online traders may not be lashing out is that, despite
the assertions of full-service brokers, theres little difference
between waiting to make a trade online and waiting to make a trade by
telephone. |
| In any event, I do online trade, to save on commissions. I dont
day trade, but hang onto stocks for very long times. Even if I
wanted to day trade, I couldnt, since my weekdays are usually
consumed with my job. |
| 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. |
| He is among a group of traders, some seasoned, who were reluctant to
make the switch from their reliable remisier to online trading.
They have missed out on many of the benefits of online trading, some
industry experts say. |
| 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. |
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