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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 9:48:00 PM
From: gbh  Read Replies (1) of 16892
 
David, I have joined the best bid or best ask many times with Fidelity, and am almost always represented as such with the MM symbol NFSC. Sometimes I am represented with the symbol SHWD (I guess when Fido doesn't make the market themselves).

The latest time I did this was today for SNRS. I joined the bid to buy 500 shares at 10 5/8. NFSC showed up on Level 2 about 10 seconds later, and I was filled maybe two minutes after that, while other MMs were still bidding.

I've never had a limit order not represented, although it is 5 to 10 seconds slower than Datek.

I should mention that my occasional market order at Fidelity usually fills instantly.

gary
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