A question for RTharp about Echo SanDiego.

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Speedracer

RTharp, I am hearing that Echo San Diego just rolled to Andover. Is this true, and if so, why? Did echo traders get tired of paying the higher commissions on an average system? Did Picozzi make you guys a hell of a deal? Or is Andovers new listed upgrades really all that? I am interested because I know andover has been getting alot of listed traders lately and I was wondering what your office saw in them. THanks,
 
Here a possible reason:

Bright, Echo = penny per share
Andover 25-40% discount of that

Hmmm. A lot of this guys trade at least 500k a month you do the math.
 
Are there any SPECIFIC benefits (besides decent rates) that you get at Andover that you don't get anyplace else? I can tell you that if their software is based on Blackwood's software, I'd rather use (and I thought I'd never say this) REDI+. If you're going to tout the firm, please be specific--save the hype.
 
Originally posted by GHJ
Are there any SPECIFIC benefits (besides decent rates) that you get at Andover that you don't get anyplace else? I can tell you that if their software is based on Blackwood's software, I'd rather use (and I thought I'd never say this) REDI+. If you're going to tout the firm, please be specific--save the hype.
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Jeez, you must have been burned at this Blackwood outfit. Every other post I have seen by GHJ is about Blackwood. Who is/was Blackwood?

Oh crap, the OPEN!!! BYE!
 
Originally posted by Speedracer
RTharp, I am hearing that Echo San Diego just rolled to Andover. Is this true, and if so, why? Did echo traders get tired of paying the higher commissions on an average system? Did Picozzi make you guys a hell of a deal? Or is Andovers new listed upgrades really all that? I am interested because I know andover has been getting alot of listed traders lately and I was wondering what your office saw in them. THanks,
More...

Speedracer,

could it be that the above "question" for Rtharp is just an attempt to advertise? why don't you just say that you are already at andover instead of making a commercial??? compared to this, Don Bright is soft sell. (below was taken from the broker ratings page) just curious, why are you telling Narsh to go to Hold Bros and rot....this tone sounds a little rough?


"Narsh is a PIKER! Go somewhere else." - Speedracer March 03, 2002 6:28 PM

What a joke, narsh comes on here, has never posted anything before and tries to rip Andover. Andover is a good firm for scalpers. Great software, great executions, and great rates. What else do you want. Oh, the owner goes to bat for his traders also. Andover has been honest with me and treated me good. I can't ask for much else. Narsh, go back to Hold Brothers and rot.
 
"Are there any SPECIFIC benefits (besides decent rates) that you get at Andover that you don't get anyplace else? I can tell you that if their software is based on Blackwood's software, I'd rather use (and I thought I'd never say this) REDI+. If you're going to tout the firm, please be specific--save the hype."



I have no idea who Blackwood is/was.

As for specific benefits...what other SPECIFIC benefits do you want besides lower rates and much better software?
 
As far as being specific I also agree that Andover has great rates and software. They were the ones who have been the most active in driving all the rates down which has been great for the traders that are taking or took advantage of it. The software is the best I have traded on for Nasdaq stocks and looks to have a ton of features for NSYE stocks too. I am just starting to trade more NYSE so I can't comment to much more on that but we have many NYSE trader from other firms that love the software. The connectivity of the office I am at has been the most reliable I have been on. Andover has many offices which is great if you want to go to other offices while on trips or just vacation destination. They also seem to be a very stable company at this point which I have worried about with other companies. At the office I am out they don't skimp on the equipement they give you so we are not trading on old Pentium 1 computers. Some of the bad things with the firm is that some back office stuff can be a pain in the ass to handle sometimes and they are getting so large now that it can take sometime to get things taken care of, but that also kind of depends what office you are in.

I have traded on Watcher, gray box (hold brothers), protrader software, and cybertrader. As far as blackwood is concerned the hammer software looks similar to blackwood because they were both one of three companies that purchased the rights to the old Block Trading software before they went out of business. Since then they each added and developed their own versions of the software with different features.
 
"why don't you just say that you are already at andover instead of making a commercial??? "

Because I am not there anymore, currently at HB, yes the villain in my broker rating you quoted. HB stepped to the plate a few months ago and made things better, so I went back there. I have no problems with Andover. Somewhat miss Hammer software compared to greybox. May go back to Andover someday, who knows. Both firms are pretty similar, but Andover has been getting alot of listed traders lately. I was wondering if it was because of something beside way lower commissions, which you would get at HB also.

I was interested why a listed firm like Echo went to Andover and wanted to hear it from RTharp.
 
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