Yes, E-trade and other discount firms.

Transactional equity business is cleared at $16 in our indy operation.

Every firm wants and needs transactional business, contrary to the BS that rains down from above at every firm. 

The guys in your office that kept a decent amount of transactional business on their books are probably up year over year, where those with none are no where close. 

It's all I do.

Jacko - What b/d are you at?