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: David Kuspa who wrote (12486)	6/14/1999 5:15:00 PM
From: Sir Francis Drake	of 16892

David - Fidelity is full of it with their explanation. The MM is obliged to execute you, or adjust their quote within 17 seconds. So, wrong, on the explanation and quote display (unless it all happened inside of 17 seconds). Should you have been executed? It all depends on what happened. It is possible that no MM wanted to hit you, at your price. As to the higher quote trade, it could have happened because it could have been an ECN, and so somebody took it out and what you saw was just the T&S, but you were bypassed - nothing illegal in that. I don't understand though why you weren't shown as the inside ask. Morgan

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