Online brokerage firms such as E-Trade, Ameritrade, and Waterhouse, do not execute their clients orders. Currently, they send their orders to other market makers for execution. Thus, there is often little, if any, concern for the individual investor, who is now as many as 3 or 4 times removed from the process. Probably, more appealing is the mid-range commissions of day trading firms. Inc. All Rights Reserved Worldwide.
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