      Just as E*Schwab, E*Trade and the other on-line brokers were the nextgeneration of trade execution systems a few years ago, direct access to themarkets is unquestionably the key to the next generation of trade executionsystems today, and will remain so going into the next millenium. If you area professional Day Trader and do not have direct access to the exchanges,you will either be a net loser of capital, or if you are making moneywithout direct access, you could be making more — and you are currentlyleaving a lot on the table.