Comments on: Zecco will kill stock trade commissions http://venturebeat.com/2006/09/21/zecco-will-kill-stock-trade-commissions/ News About Tech, Money and Innovation Wed, 25 Nov 2009 23:37:30 +0000 http://wordpress.org/?v=2.8.5 hourly 1 By: casino online gambling http://venturebeat.com/2006/09/21/zecco-will-kill-stock-trade-commissions/comment-page-1/#comment-712364 casino online gambling Thu, 03 Jan 2008 02:59:25 +0000 http://venturebeat.com/2006/09/21/zecco-will-kill-stock-trade-commissions/#comment-712364 Nice site and fine content Nice site and fine content

]]> By: Spicydesi http://venturebeat.com/2006/09/21/zecco-will-kill-stock-trade-commissions/comment-page-1/#comment-119869 Spicydesi Tue, 08 May 2007 20:25:25 +0000 http://venturebeat.com/2006/09/21/zecco-will-kill-stock-trade-commissions/#comment-119869 Mr Rakesh, You will get what you pay for. Move on Mr Rakesh,

You will get what you pay for.

Move on

]]> By: Rakesh http://venturebeat.com/2006/09/21/zecco-will-kill-stock-trade-commissions/comment-page-1/#comment-103419 Rakesh Fri, 04 May 2007 15:35:23 +0000 http://venturebeat.com/2006/09/21/zecco-will-kill-stock-trade-commissions/#comment-103419 I wanted to start with Zecco but their customer service has deemed themselves completely unrelaible. The representatives I spoke to were very rude and one even pretended he could not hear me when I asked him what his name was (after he was rude to me). He was like "Mr. Rakesh, Mr. Rakesh, I can't hear you" and then he hung up. It was awful. Zecco needs to replace him but I don't even know his name. I wanted to start with Zecco but their customer service has deemed themselves completely unrelaible. The representatives I spoke to were very rude and one even pretended he could not hear me when I asked him what his name was (after he was rude to me). He was like “Mr. Rakesh, Mr. Rakesh, I can’t hear you” and then he hung up. It was awful. Zecco needs to replace him but I don’t even know his name.

]]> By: Columbus http://venturebeat.com/2006/09/21/zecco-will-kill-stock-trade-commissions/comment-page-1/#comment-42939 Columbus Wed, 18 Apr 2007 00:54:35 +0000 http://venturebeat.com/2006/09/21/zecco-will-kill-stock-trade-commissions/#comment-42939 You are doing a wonderful thing here on the Internet. I wish you the very best. Kindest regards. You are doing a wonderful thing here on the Internet. I wish you the very best. Kindest regards.

]]> By: Scott http://venturebeat.com/2006/09/21/zecco-will-kill-stock-trade-commissions/comment-page-1/#comment-8602 Scott Thu, 15 Mar 2007 15:53:24 +0000 http://venturebeat.com/2006/09/21/zecco-will-kill-stock-trade-commissions/#comment-8602 Looks like there will be ads featured to generate revenue... but if you do use a trader or get advice the will charge you... Looks like there will be ads featured to generate revenue… but if you do use a trader or get advice the will charge you…

]]> By: Renters Insurance California faq http://venturebeat.com/2006/09/21/zecco-will-kill-stock-trade-commissions/comment-page-1/#comment-8233 Renters Insurance California faq Fri, 23 Feb 2007 10:12:07 +0000 http://venturebeat.com/2006/09/21/zecco-will-kill-stock-trade-commissions/#comment-8233 This was a great site. I needed to find something for my Homework and This site helped me out so much! Thanx alot!!!! This was a great site. I needed to find something for my Homework and This site helped me out so much! Thanx alot!!!!

]]> By: alternative to http://venturebeat.com/2006/09/21/zecco-will-kill-stock-trade-commissions/comment-page-1/#comment-6778 alternative to Mon, 20 Nov 2006 00:55:50 +0000 http://venturebeat.com/2006/09/21/zecco-will-kill-stock-trade-commissions/#comment-6778 Greta masterings?hazy,gumming.parallax convertible transposes Greta masterings?hazy,gumming.parallax convertible transposes

]]> By: Anders MIdtgaard http://venturebeat.com/2006/09/21/zecco-will-kill-stock-trade-commissions/comment-page-1/#comment-6316 Anders MIdtgaard Tue, 31 Oct 2006 07:07:45 +0000 http://venturebeat.com/2006/09/21/zecco-will-kill-stock-trade-commissions/#comment-6316 This might actually bring back all the daytraders. We can now expect more volatile markets if it really takes off. This might actually bring back all the daytraders. We can now expect more volatile markets if it really takes off.

]]> By: dowjobber http://venturebeat.com/2006/09/21/zecco-will-kill-stock-trade-commissions/comment-page-1/#comment-5938 dowjobber Mon, 09 Oct 2006 22:33:07 +0000 http://venturebeat.com/2006/09/21/zecco-will-kill-stock-trade-commissions/#comment-5938 When you look at a full service broker's financial statements you will find that "commissions" are a small part of the revenue pie. Fees and interest and trading profits are the largest part of revenues. For example a "general account agreement" allows the broker to loan your securities. For this loan of your stocks, they collect interest. This is one of the most lucrative parts of the brokerage industry. Interest is also charged for margin and also collected of free balances (free balances= your money which has not yet been used to pay for a stock) So there is a lot of float of other folks money in brokerage. Years ago,I had one broker that paid customers from the Bank of Guam! And of course there are fees and trading profits, some you see and some you can't see because of a lack of transparency. So, no commission trades are certainly doable because execution costs have almost completely disappeared with ECNs which match buyers and sellers. When you look at a full service broker’s financial statements you will find that “commissions” are a small part of the revenue pie. Fees and interest and trading profits are the largest part of revenues. For example a “general account agreement” allows the broker to loan your securities. For this loan of your stocks, they collect interest. This is one of the most lucrative parts of the brokerage industry. Interest is also charged for margin and also collected of free balances (free balances= your money which has not yet been used to pay for a stock) So there is a lot of float of other folks money in brokerage. Years ago,I had one broker that paid customers from the Bank of Guam! And of course there are fees and trading profits, some you see and some you can’t see because of a lack of transparency.
So, no commission trades are certainly doable because execution costs have almost completely disappeared with ECNs which match buyers and sellers.

]]> By: SL2005 http://venturebeat.com/2006/09/21/zecco-will-kill-stock-trade-commissions/comment-page-1/#comment-5764 SL2005 Sat, 30 Sep 2006 06:23:59 +0000 http://venturebeat.com/2006/09/21/zecco-will-kill-stock-trade-commissions/#comment-5764 I found some features of the trading platform from http://www.indextown.com/archives/2006/09/25/trade-for-free-at-zecco/ 1. Min. for opening an account is $2,500 2. Yes, margin accounts; Margin interest rates will vary with size of your portfolio but are right in line with other online brokers 3. Zecco Trading has ACH (we don’t hold the funds any longer than they take to clear) It’s always bothered us how long ACH takes when it should be instantaneous. We’re working on it. Yes, this is one of the ways that you can transfer funds to your account, as well as check or wire ... I found some features of the trading platform from

http://www.indextown.com/archives/2006/09/25/trade-for-free-at-zecco/

1. Min. for opening an account is $2,500
2. Yes, margin accounts; Margin interest rates will vary with size of your portfolio but are right in line with other online brokers
3. Zecco Trading has ACH (we don’t hold the funds any longer than they take to clear) It’s always bothered us how long ACH takes when it should be instantaneous. We’re working on it. Yes, this is one of the ways that you can transfer funds to your account, as well as check or wire

…

]]> By: Lec http://venturebeat.com/2006/09/21/zecco-will-kill-stock-trade-commissions/comment-page-1/#comment-5762 Lec Fri, 29 Sep 2006 21:29:55 +0000 http://venturebeat.com/2006/09/21/zecco-will-kill-stock-trade-commissions/#comment-5762 By the way, I know it should be spelled there.. By the way, I know it should be spelled there..

]]> By: Lec http://venturebeat.com/2006/09/21/zecco-will-kill-stock-trade-commissions/comment-page-1/#comment-5761 Lec Fri, 29 Sep 2006 21:28:15 +0000 http://venturebeat.com/2006/09/21/zecco-will-kill-stock-trade-commissions/#comment-5761 There is not enough info out their about Zecco to make an informed choice on whether to invest with Zeccp; however, Zecco's marketing strategy has been done before. Hype. There is not enough info out their about Zecco to make an informed choice on whether to invest with Zeccp; however, Zecco’s marketing strategy has been done before. Hype.

]]> By: Zied Avicenna » http://venturebeat.com/2006/09/21/zecco-will-kill-stock-trade-commissions/comment-page-1/#comment-5713 Zied Avicenna » Thu, 28 Sep 2006 04:23:56 +0000 http://venturebeat.com/2006/09/21/zecco-will-kill-stock-trade-commissions/#comment-5713 [...] Zecco.com, a Los Angeles company backed by early Skype investor, Morten Lund, says it is going to introduce “zero commission” trading Oct 9th, undercutting the entire industry of online traders, from E*Trade, Charles Schwab to Ameritrade. [Via Venture Beat] [...] [...] Zecco.com, a Los Angeles company backed by early Skype investor, Morten Lund, says it is going to introduce “zero commission” trading Oct 9th, undercutting the entire industry of online traders, from E*Trade, Charles Schwab to Ameritrade. [Via Venture Beat] [...]

]]> By: Online trading « StewMcT ramblings http://venturebeat.com/2006/09/21/zecco-will-kill-stock-trade-commissions/comment-page-1/#comment-5684 Online trading « StewMcT ramblings Tue, 26 Sep 2006 13:25:17 +0000 http://venturebeat.com/2006/09/21/zecco-will-kill-stock-trade-commissions/#comment-5684 [...] VentureBeat » Zecco will kill stock trade commissions [...] [...] VentureBeat » Zecco will kill stock trade commissions [...]

]]> By: Alex http://venturebeat.com/2006/09/21/zecco-will-kill-stock-trade-commissions/comment-page-1/#comment-5675 Alex Mon, 25 Sep 2006 23:26:27 +0000 http://venturebeat.com/2006/09/21/zecco-will-kill-stock-trade-commissions/#comment-5675 WOW...of course that would come up! WOW…of course that would come up!

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