TradeStation Significantly Increases List of Stocks that can be Shorted

Quote from mktman:

IB has had and ocassionally still does have many of the troubles you complain that TS has. Lets face it every broker has troubles no matter how long they have been in business. Is IB imperfect? Yes. Is TS imperfect? Yes. Someone always gonna be complaining about every broker. Cant make everyone happy. On the broker side of the business IB had its own growing pains when getting going. Many of the same problems you complain TS has. Since IB brokerage business has been operational for quite a few years longer than TS(only 2 years?), wouldnt one think they are going through the same growing pians IB went through? Any business goes this route not just limited to brokers.

My hold time on phone 2 days ago was 10 minutes. Lets see I guess thats too long considering many in that area still without power, food, water etc. btw they just started getting mail delivery yesterday. 10 days with no mail. Luckily, there hq wasnt in katrinas path.


I agree both have problems; but pre Katrina, I've had times when I could not even get the trade desk or had to wait 5-10 minutes.

I use both brokers and find IB much better if for only one reason: It has a Universal account, something I'm not sure
TS is thinking about.

Another frequent problem with TS is I trade a lot of small cap stocks, so often my bid/offer is the NBB/NBO price. Often I'll place a limit order with TS and it may take over a minute for my limit order to become the NBB/NBO, while with IB it comes essentially instantly. As a result, I get better fills using IB. For my style of trading, I find this to be TS's biggest problem.

DS
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Check your November 1st "Daily Statement".
Apparantly the Free Platform costs $99.95!
It is supposed to be free if you trade 50 RT the prior month.
 
Quote from Ebo:

Check your November 1st "Daily Statement".
Apparantly the Free Platform costs $99.95!
It is supposed to be free if you trade 50 RT the prior month.
More...

Ebo-is your statement online? My latest statement is still September's. Who do you know at TS to get this kind of service. I have an equity account, so maybe you have a different type account and that is why you already have your statements as you need different accounts depending on what you trade.

DS
 
I am tight with The Cruz Brothers!

All futures accounts get a Daily Statement e mailed at night marking your positions dude. Month End statements are typically sent the first of the month.

I bet if you opened a futures account, you might even get yours on the first as well.

I wonder how many customers are being charged the platform fee "inadvertently".
 
Quote from Ebo:

I am tight with The Cruz Brothers!

All futures accounts get a Daily Statement e mailed at night marking your positions dude. Month End statements are typically sent the first of the month.

I bet if you opened a futures account, you might even get yours on the first as well.

I wonder how many customers are being charged the platform fee "inadvertently".
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Didn't they at one time use REFCO for futures accounts ;)

Reminds me of one of my favorite pair of quotes from TS:

1. "TradeStation Group, Inc. (NasdaqNM: TRAD), through its operating subsidiary, TradeStation Securities, Inc., offers the TradeStation platform to institutional, professional and serious, active individual traders. TradeStation is an electronic trading platform that enables clients to design, test and monitor their own custom trading strategies and then automate them with direct-access order execution. The trading platform currently offers streaming real-time equities, options, and futures market data. Equities and options transactions are cleared through Bear, Stearns Securities Corp. (NYSE: BSC) and futures transactions are cleared through *****Refco, LLC.***** "


2.
" TradeStation has won the Readers’ Choice Awards for best Stock Brokerage and best Futures Brokerage given by Technical Analysis of Stocks and Commodities magazine, one of the most respected periodicals for active traders. TradeStation was named best Stock Brokerage over competitors that included Ameritrade, Charles Schwab, E*Trade, Fidelity Brokerage, HarrisDirect, Quick & Reilly, Scottrade Financial Services and TD Waterhouse, and was named best Futures Brokerage over competitors that included Lind-Waldock, Man Futures, ***Refco*** and Rosenthal Collins Group."

Isn't it wierd to be better than the company you clear through?
I don't do much futures trading so maybe these seemingly contradictory claims make sense.


DS
 
Quote from Ebo:

What does that have to do with the price of tea in china?
They clear RJO'Brien now.
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Nothing, other than it reminded of the quotes that say they are better than the company they cleared through.
 
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