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: Snowy who wrote (3523)	7/3/1997 8:42:00 AM
From: Gary Delong	of 16892

According to an article in today's WSJ on-line, problems at Schwab in the last 2 days have affected others. interactive6.wsj.com ---- begin extract ------- A computer glitch at discount brokerage firm Charles Schwab Corp. left potentially thousands of customers unable to determine whether their mutual-fund and securities trades were being carried out. -- snip -- Schwab isn't alone in experiencing computer problems. E*Trade Group Inc., an electronic brokerage company in Palo Alto, Calif., shut down its Internet trading system on June 24 during the final hour of the market because of a glitch in the company's hardware. Callers had to wait an average of three minutes before they could talk to a broker; but trades were processed based on the share prices at the time the calls were received, a spokeswoman said. -- end of extract --

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