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Re: [sharechat] On line brokers


From: Chris Darby <darby@ak.planet.gen.nz>
Date: Fri, 5 May 2000 12:12:51 +1200


Mike,

Direct Broking get my vote for efficiency.  Their acknowledgement is as 
quick as you can reload and subsequent trade almost intant.  ASX orders 
are phoned on to Cameron Sharebrokers immediately.  The email 
notification of announcements, price changes etc is extremely helpful and 
0800 line allows me to use my mobile to check depth without going 
offline.  To top it off, account queries are promptly answered. 

I have recently started using ABN-AMRO as my full service broker.  The 
daily emailed market update is fantastic.  ABN do not have a large retail 
client base but are obviously putting a few features in place that 
previously only their extensive institutional clients enjoyed.   

My own rule is, trade through ABN exclusively where information provided 
by them prompts me to buy/sell.  I have no problem paying a higher 
commission where valuable information is provided.    

No this is not an advertisement, just an opportunity to say something 
positve about a couple of good service providers.  Maybe it is an 
opportune time to poll Sharechat subscribers on both online and service 
brokers.  Your thoughts?

Regards,
Chris    



    

>Roy,
>
>What brokerage provided that sort of service ? And how long on average do
>you wait to see the results posted ? IOW if the trade takes place at 10am
>what sort of lag before you see that appear on your screen ?
>
>MN
>
>
>
>At 10:15 AM 05-05-00 +1200, you wrote:
>>Not only online brokers.
>>Have had the same effect when placing orders on the phone with client
>>advisors who don't have a dealing terminal!
>>Todate (crossed fingers) have seen my "online" orders processed on the NZSE
>>screens within a few minutes after me hitting the send key!
>>
>>
>>
>>Roy Edwards
>>PO Box 126
>>Tauranga
>>New Zealand
>>Ph 07-578-0324

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