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Generally slower? ALWAYS slower is more like it. Also, Island is not considered a great ECN for listed executions. Arca and Inca are better ones. I route orders to both of them and to Sdot and in MUCH more than "a limited set of circumstances..." I get better fills than with a specialist...

They did the auction because they don't have the traders anymore.

MWSE can be accessed electronically. its just not as fast.

Heard that they are just trying to figure out what to do with the traders.

Yeah, it matters A LOT if you are doing away trades.

Correct me if I'm wrong but IB's rates are 2.40 per side (don't let that mislead you) and Ffastfills are $3.36 r/t. Even if you include the monthly fees, if you just did about 30-40 a day, it comes out to under $1 per contract which is considerably cheaper than IB's at the end of the month. I...

Just be careful if you are trying to cut a deal for a group of traders. For this thread, it seems like this is not the case. For individuals, I've heard the software is good if you can tolerate the occasional down time which is probably about the industry standard. The feature set is...

Do you consider a card counter a gambler or not? If you have an edge that consistently works then I wouldn't consider it gambling. Everything has risks.

I'm serious - they are the bottom of the barrell. Their website doesn't even reflect the management changes that occurred months ago. They are trying to hide something.

Their software is the worst. It goes down daily. Options quotes never work. They use Penson to clear. Their management crew is a scam. They screw everyone. Btw, I mentioned this in a previous post I think.

Avoid them at all costs.

My head is spinning reading this thread. I don't know who's who's or who's defending which firm but all I know is that whoever said commissions didn't matter is absolutely wrong no matter what level of experience you are at. Just thought of one more thing. You have to assume that taking...

bloomberg open book is helpful.

I disagree with this. Briefing is a supplement to Bloomberg. There is no comparison. Therefore, can't compare cost either. Bloomberg won't get everything first but will beat all the other news services combined when it comes to speed.

-------------------------------------------------------------------------------- Quote from trade555: Go to TKX securities they specialize in Nasdaq trading and advertise they are to only firm that fills on the next print after your stop is hit. There is a per share rate o 7/10 of a penny...

worth every cent

Piker, I did not say that all daytrading firms are going out of business. I was referring to the ones that Penson clears for. Reread the post. I was implying that most of the shops they clear for are the shops that are not making money. That's what makes their creditworthiness is so bad...

If I'm not mistaken, this is the Elite Trader site... Please check your URL. :(

macd, i was really directing my comments on abw but if you want to talk penson: you said that "lots of firms use Penson" - i bet that they are probably all daytrading shops that will all soon be out of biz. i bet you can't name one reputable brokerage house that use them for clearing. if...

ab watley stock (abwg) is trading on the pink sheets at around 11 cents. i think that says it all.