Jarden Direct Broking New Platform

[777]

I doubt the current model is making any profit. If you think about it, back in the start up days of discount broking, we were charged $29 a trade. It is still the same price. But the costs will have increased substantially for brokers since 1998. (Efficiency and technology gains aside)

But that $29.00 was all you were charged. No .2% for over $15,000. That didn't last long.

Their income will vary on share price movements as well. It has been a bad time for them recently as the market has been down and less trading activity.

[RTM]

I guess this is why Jarden have not put much effort into upgrading the current platform we use.
Although it works...its pretty average in terms of the way one can access information.

[777]

I guess this is why Jarden have not put much effort into upgrading the current platform we use.
Although it works...its pretty average in terms of the way one can access information.

But why did they spend the money creating this platform last year, when the one they had was superior and they knew they were joining with Hatch.

[RTM]

But why did they spend the money creating this platform last year, when the one they had was superior and they knew they were joining with Hatch.

Was it only last year ? Yeah, lot of money wasted creating the platform we are now using. I guess work started on that before the Hatch thing came along.