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: Crabbe who wrote (3328)	6/20/1997 2:59:00 AM
From: Randall Thomas	of 16892

<<6 minutes to execute a market order on the open in a stock that trades nearly 3 Million shares, I will agree is not good, but it ain't that reprehensible either.>> SIX minutes on a market order is extraordinarily bad, and beyond any definition of 'acceptable' I have heard from anyone in the industry. Over 30 SECONDS is unacceptable in my experience, and even then I am being lenient. I honestly believe that people who accept this sort of execution as a necessary evil of dealing with the industry are missing an important aspect of reality, and my first suggestion on the road to real execution would be Brown and Co. and a real-time data feed with time of sales.

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