SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Datek Brokerage $9.95 a trade
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Mr. Green who wrote (9097)7/15/1998 1:30:00 PM
From: Bill Rood  Read Replies (1) of 16892
 
Possibly due to insufficient buyers. This is a Datek crock. Did you see the volume the first half hours buyers and sellers. I've never seen an example where a sign pops up sorry no buyers. Where theres a bid there is a buyer. What Datek means is they can't find a buyer on island and there orders have 0 priority with MM. MM fill customers from all brokerages except Datek (Unless in there favor)then move away so datek orders end up on the bid or ask depending which way the stock is moving away from you. Also when you recieve a partial fill and your order moves to the back this is so datek can churn more commissions from other people. Example. You sell 1000 shrs at 12. Your first in line with 5 people at 12. You get 77 shrs filled and move to the back. Next guy gets his fill etc. If stock moves away and you want in or out you have to cancel and reenter and pay another commission. Have a nice day
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News