I use CyberTrader to trade listed stocks. For several months the delay between submitting an order and when it was executed was usually somewhere (roughly) between 5 and 15 seconds. The log lists the orders as going throuh "N", and I was satisfied with the execution speed. Then somewhere around 16-Aug CyberTrader stopped using "N" and switched to "SCHWB" which I take to stand for Schwab. I am guessing that to cut costs CyberTrader was "asked" by Schwab to switch from N. Now I really don't care who CyberTrader uses to route their NYSE trades, so long as the execution time doesn't increase. Well, guess what. Now the execution time can be 30 seconds or even more than a minute. I gave them a call today to complain and they admit the execution time is slower, but they say Schwab needs time to get the kinks ironed out of the system. Has anyone else had this problem with CyberTrader and listed securities? Do you have a good firm to recommend, who offers direct access trading and fast NYSE access?