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FreeRealtime.com FRTI trading 5s- to Offer Online Trading
To: Kenneth M. Koff, CPCU (182 )
From: songw
Wednesday, Dec 30 1998 7:43PM ET
Reply # of 183 |
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SEP 26 1999 The Straits Times
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More to online trading than meets the eye
First it was personal computers, then mobile phones, and now even
public phones can be used for trading
Todays professional wants service anytime, anywhere, anyhow. CORNELIA
TAN looks at the options available to the technology-savvy consumer. |
| Online brokers have thus far averted the type of outcry directed at AOL
in late 1996 and early 1997, when the online network was swamped by new
members enticed by a new monthly plan featuring a flat rate and no time
limits for use. |
| If I transmit my orders after trading hours, the system will put them
in a queue for the next days trade.
Brokerage houses are beginning to realise the importance of giving
investors the online trading option.
From none a year or so ago, seven brokerages now offer online trading
services. |
| Ameritrade Holding, a company that helped set off an industry price war
with an $8-per-trade offer, estimates that it handled an average of
32,000 trades per day during the final three months of 1998, an increase
of more than 30 percent from the prior quarter. National Discount
Brokers is now handling between 10,000 and 12,000 online trades a day,
up from 8,000 back in late November and early December. |
