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In a message dated 10/5/99 9:01:56 AM Pacific Daylight Time,
uf@xxxxxxxxxxxxxxxxxxx writes:
>
> Is there a more focused forum (list) for consumer reports on the various
> day-trading/active trading broker/datafeed options? I'm looking for
> something a bit faster but not a lot more expensive than my current broker
> where I'm getting execution on a 3 to 10 minute delayed basis. My broker
> tells me that Nasdaq does not accept stop orders. Is that generally true
> or a function of which brokerage you're using?
There are no stops on Nasdaq. Think about how the market works, it's a
free-for-all, there is nobody to "hold" the stops like on NYSE. If a broker
offers stops on nasdaq, it's programmed into their trading system, and nobody
can "see" into it and see your order.
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