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: Greg Higgins who wrote (3206)	6/13/1997 12:09:00 AM
From: AlienTech	of 16892

>> Some time back there was a discussion in which it was pointed out that ISLAND doesn't trade in 32s, only in 16s or worse. This is most likely why your order didn't show up there. I used to use 32s trying to trade inside the spread and found that my hit rate improved when I went to 16s. Wouldn't it be great if every one switched to 5 decimal places? << I got an email explaining this to me. Butit would be better if the order entry process would tell you that this is not a valid bid when it asks you to type in your password to place the order. How else are you going to know whats going on? For a normal person who placed this order and waits around trying to figure out whats going on. Like I said its not a major prob but it would be helpfull for an automatic order entry system like datek to reject illegal orders in the first place rather than accept them and shove em in the bin..

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