Word: broker
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Dates: during 1990-1999
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...rose on Omaha, Neb., last Tuesday morning, 42 traders confabbed on the floor of the brokerage firm Ameritrade, ready for battle. By the end of that grueling day, the top broker had executed a heroic 442 trades. Nice work, but nothing compared with the action in the next room. There, a rack of workstations had calmly processed 3,600 orders, all placed over the Internet. And that was in the first hour of trading...
Which isn't to say that everything went smoothly. To hear many Net investors tell it, personal-computer transactions were more of a drag than a click. Although investors were far more likely to get through to a computer than to a human broker, electronic shops such as Schwab, E*Trade and Waterhouse bogged down when the calls swelled to double the normal traffic. Although Monday's traffic jams may have saved a few investors from selling too fast, Schwab spokesman Tom Taggart conceded that there were "no excuses" for the delays...
...still other Web users, access to good, timely information was even more important than transactions. At Quote.com real-time charts graphically update portfolios throughout the day, and investors can even create "watch lists," or mock portfolios, that monitor alternative investment options. These tools would normally sit on a broker's desk but are now accessible to anyone. "The playing field is slowly starting to be leveled," says Chris Hill, spokesman for the popular Motley Fools, an online investment-advisory forum. "More and more, the individual investor has the tools available at his or her fingertips to compete with the traders...
...eaterie Ago, he didn't send over an air kiss. Instead, fuming about being badmouthed by Murphy, and by his partner in her book, Killer Instinct, the director went over and punched him repeatedly. Tarantino was put in a cop car, while Miramax head Harvey Weinstein helped broker a truce. No charges were filed, but Murphy is considering legal action...
Call your broker and place a "fry" order with the Couch Potato Guide (TIME Daily...