Keynote Systems Plans Broker Trading Index
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San Mateo, CA-based Internet performance measurement company Keynote Systems is planning to launch a new weekly Broker Trading Index that measures the time it takes to place a stock "buy" order on popular Internet trading sites.
The system will measure times from multiple locations around the United States during stock trading hours. Results will be made available to the public on Keynote's Web site on a weekly basis, the company said.
Sites being measured include E*Trade, Fidelity and Charles Schwab. The Keynote Broker Trading Index will be of great value as a tool for evaluating online brokerages to a growing portion of the investing public which has taken to the Internet for online trading, the company said.