CyberTrader no longer a direct-access platform

Discussion in 'Retail Brokers' started by not4kids, Nov 29, 2007.

  1. I was told by Cybertrader that I no longer have the right to specify which venue (i,e. among choices of ARCA, NSDQ, NYSE) to place my orders. Cybertrader system shows that you can choose which venue, but Lehman actually controls where your order will be sent. It seems like Cybertrader is actually cheating its clients: What its system is showing is totally different from what it is actually doing. In one word: CyberTrader is no longer a direct access platform.
  2. R.I.P.