KEEP A BROKER IN YOUR LAPTOP
TIRED OF ALWAYS HAVING TO call your broker when you want to trade a stock? Tired of having to make do with delayed market quotes? Wireless Financial Services Inc. in New York may have the solution for active investors. Its new laptop-based trading service operates by wireless link or the Internet from virtually anywhere in the U.S.
Based on Microsoft Windows, the Universal Trader software maintains a spreadsheet full of data about your portfolio, including the price you paid for each stock. Click on a stock symbol, and the software will retrieve the latest quote or news headlines from PC Quote Inc. within six seconds. You can send, buy, and sell orders at the same speed, too, with the software keeping track of each transaction through completion.
The software is priced at $55. Basic Internet access to unlimited real-time market data is $30 a month. For wireless connections, you'll need a transceiver that can access the RAM Mobile Data network--which is leasable for $40 a month--and pay 4 cents a quote. Brokerage houses offering the service include Jefferies & Co., Jack Carl Futures, Ovest, and On-Site Trading.
EDITED BY AMY CORTESE By John Verity
Updated June 14, 1997 by bwwebmaster
Copyright 1996, Bloomberg L.P.