Datek Brokerage $9.95 a trade Message Board

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Non-Tech : Datek Brokerage $9.95 a trade

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To: henry jakala who wrote (11344)	3/24/1999 6:27:00 PM
From: Sir Francis Drake	Read Replies (1) of 16892

henry - I simply don't believe Datek is scalping traders. I'm not saying it's technically impossible, but I don't believe Datek would do it. Besides, in the past, when I looked at LII, and had the ISLD book open - the representations and executions were so FAST that unless Datek itself had shares trading on the market in a given stock, it would be very difficult to pull a stunt like frontrunning or scalping. Again, I suppose it's technically possible, but I think they would not risk a huge outcry that this would cause - survival instinct, see. Anyway - I don't WANT to believe that either. I have my hands full just figuring how to trade and the pressures of active trading are pretty substantial. I don't need to add creeping doubts about my broker to cloud my concentration. In the absence of absolute proof - I declare them innocent. Isn't that the American way?

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