Forum Archive Index - March 2000

["Paul Frost" <frostpt@ihug.co.nz>]

The old chestnut of buy orders being filled at the highest price of the day
and sell orders being filled at the lowest price of the day has most
probably being around since stockbrokers came into existance, and would be a
common complaint received by all brokers from time to time.
I would suggest that it is mainly the luck of the draw and to a lesser
extent the competency of the brokers operators that determines what price a
client pays or receives.
It definitely has nothing to do with ethics.

With reference to DFM in particular, they would be one of the most
innovative brokers in NZ,
and they have done a lot to make share investing more attractve to the
smaller investor.
Their $20.00 minimun rate would be the lowest in the country if not
Australasia.
Their web site now gives a list of all the trades for the day for any
particular stock so it should be easy enough to check if you are being
"ripped-off".
My experience with them has been very good and in many cases I have received
better prices than
I expected.

I do admit that they have had problems with their backroom administration
since December,
however I have noticed a big improvement over the last few weeks.

DFM specialise in small cap stocks at the higher risk end of the market.
However to suggest that they are involved in any unethical practices is
totally unfoundered IMHO.


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