TD Ameritrade...

Landis82 · Nov 25, 2008

Quote from zdreg:

you sound like a cheerleader for amtd similar to some for IB.

With all due respect, I have used the Quotetracker platform for equity trading via Ameritrade this year and find it quite stable and effective given the use of a 3rd party data-vendor.

Yet, the only experience that YOU personally have had with Ameritrade is simply looking over someone's shoulder?

Get real.

Sounds like you have an "axe" to grind with Ameritrade.

stock777 · Nov 25, 2008

I only see occasional slowness in the Amtd feed these days. Usually it keeps up with IB well enough.

The money fund thing was not really their fault, and I was in the the TD Ameritrade sweep which was not affected.

PS, my understanding is Amtd is reimbursing customers for the loss, which no one has mentioned here.

zdreg · Nov 26, 2008

Quote from Landis82:

With all due respect, I have used the Quotetracker platform for equity trading via Ameritrade this year and find it quite stable and effective given the use of a 3rd party data-vendor.

Yet, the only experience that YOU personally have had with Ameritrade is simply looking over someone's shoulder?

Get real.

Sounds like you have an "axe" to grind with Ameritrade.

i put in sufficient time to give a report.

you have not responded to specifc pts. eg no live chat for existing customers, clients not receiving
all their money from the reserve fund. amtd was not acting in the best interest of their clients.they did not put their own money in these particular funds of the reserve fund but put clients funds in at a higher interest a but unsafe reserve funds. amtd acted this way in order to attract client assets and to receive a fee.

"get real" is a nick trick but the reality is described above which you have not or are incapable of addressing.

zdreg · Nov 26, 2008

Quote from stock777:

I only see occasional slowness in the Amtd feed these days. Usually it keeps up with IB well enough.

The money fund thing was not really their fault, and I was in the the TD Ameritrade sweep which was not affected.

PS, my understanding is Amtd is reimbursing customers for the loss, which no one has mentioned here.

please post info.

http://blogs.courant.com/george_gombossy/2008/11/tdameritrade.html
http://www.chicagotribune.com/business/chi-sun_ameritradenov02,0,2889608.story

note these stories are less than 3 weeks old.

Landis82 · Nov 26, 2008

Quote from stock777:

PS, my understanding is Amtd is reimbursing customers for the loss, which no one has mentioned here.

Dated September 25, 2008:

TD Ameritrade Holding Corp. and Ameriprise Financial Inc. said they will reimburse clients for up to a 3% loss in the Reserve Primary Fund, a money-market fund that broke the buck last week. The firms would commit as much as $50 million and $33 million, respectively, to mitigate possible client losses.

The $50 million commitment would cover a three-cents-a-share loss on the Primary Fund for all of TD Ameritrade's clients in the fund. Mr. Tomczyk said that fewer than 34,000 of the firm's 6.8 million clients were in the fund.

http://online.wsj.com/article/SB122228106964372005.html