Investors are interested in after-hours trading, but many worry about liquidity and execution price, a survey suggests.
The survey, conducted by the McLean, Va.-based research firm Wirthlin Worldwide, contacted 500 clients of Fleet Boston Corp.'s Quick & Reilly unit. About 100 of these people maintain accounts through which they trade only on the Internet.
Forty-eight percent said they would be interested in trading during extended hours, but 60% of this group said they were concerned about liquidity and price when orders are executed outside normal trading hours through electronic commerce networks.
BancBoston Robertson Stephens, Fleet Boston's investment banking arm, recently invested in Strike Technologies, a New York-based electronic commerce network.