How are we different in the way we trade stocks?

Thomas, thanks for your input to my question. Sorry, I don't have a good comparison to give you of Canada. I honestly am not a keeper of stats, like you, Dien and others. I read them, if relevant, compare them to my situaton, and often discard the info.

I know there was a recent survey in one of our national dailies comparing various online and full service brokerage cos. in Canada, but I know, in a few monhts, the survey will be updated and reappear in our business section again as the day trading industry is still relatively young for Canada and growing fast. Also, many full service brokers are probably in the process of offering alternatives and changing their strategy to meet the needs of a changing marketplace.

I know surveys can often do a lot to hurt or help, depending on the way the company is rated overall by the analysts. But, then, that's a whole different story, as we know surveys can often be skewed, depending on the way the questions are phrased, selection of participants, and the way the overall data is interpreted.

>To trade options, most stockbrokers will do it but may require you to sign an additional form saying you
>understand what you're doing.

>To trade futures you need to go to a futures broker. There are less of these around. Many futures brokers also allow you to trade stocks, but not the other way around.

I think overall, all the above are similar in Canada.

This is the commission structure I copied off the site of the company I deal with. If I recall, especially for options, it is one of the cheapest around. Which is why (not in recent weeks) on the average, we could have several trades/day, as the commission on options is relatively low, as you can see from the table below.

Canadian and American Exchanges
Option Price/ Commission
Contract

$0.00 - $1.00 $29 + $1.00
$1.01 - $2.00 $29 + $1.50
$2.01 - $3.00 $29 + $2.00
$3.01 - $4.00 $29 + $2.50
$4.01 - $5.00 $29 + $3.00
$5.01 plus $29 + 3.50

Their charting software is almost non-existent, and they are definitely a no-frills type broker. But our major concern is trade execution, which they handle very well. So, for us, they meet or exceed our expectations in this area. Some discount brokers charge double what we pay, and I am told by friends that on a busy day, they can wait up to 30 mins to place an order and wait another 30 minutes to get filled on limit orders. With us, it takes less than a minute to submit an order online, and an average of 1-2 minutes to get filled, on an average day. On a very busy day, it could take a few minutes longer. We've only ever encountered problems once, I believe one day last summer , when we had a particularly nice run up in the Nasdaq and everyone and his cousin were making some quick profits, and noone could keep pace with all the limit orders being submitted.

Regards,

Eliz.

P.S. In previewing the commission table, the formatting is out of whack. Hope it's clear to you. If not, I can email it if you wish.