What causes those online trading glitches
Article Abstract:
Electronic securities trading companies not only must face the challenges of World Wide Web (WWW) reliability and delays but those of the mainframe computers that translate information used to process transactions from the Web site and the gateway servers. Capacity is often an issue with WWW sites and can cause them to fail. Charles Schwab and Company Inc. recorded 75 million page hits in one day in April 1999. Mainframe computers contain dozens of software programs that can cause a system crash.
Publication Name: Business Review Weekly
Subject: Business, general
ISSN: 0727-758X
Year: 1999
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Going for broke, at a premium
Article Abstract:
Online securities dealers in Australia are challenging established brokers by offering full services at a much lower cost. A traditional dealer, such as J.B. Were and Son, may charge adviser costs of $825 for a $50,000 share purchase, whereas Commonwealth Securities, an online broker, charges only $150. Commonwealth's online client base comprises 60,000 of its overall 320,000 clients. Other online traders, such as E*Trade Australia and Sanford, report similar success.
Publication Name: Business Review Weekly
Subject: Business, general
ISSN: 0727-758X
Year: 1999
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No tape, no pack drill
Article Abstract:
The Australian Securities and Investment Commission (ASIC) four-year ban on Leigh Gardner, of securities dealer ABN Amro Australia Ltd., has sparked industry concern over the taping of dealer conversations. There is no legal requirement to tape dealer conversations, but many in the industry fear that innocent comments may be misinterpreted and are considering stopping the practice. Gardner will appeal against the ban.
Publication Name: Business Review Weekly
Subject: Business, general
ISSN: 0727-758X
Year: 1999
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