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: Sir Francis Drake who wrote (12613)	7/2/1999 5:09:00 PM
From: Dan Clark	Read Replies (2) of 16892

Morgan, Just a gentle suggestion - maybe it is time to move on. I've been using Datek since the first of the year. I've had good and bad executions, but poor cancellations. Also, customer communication with Datek is not the best. For the last several weeks, I stopped live trading and started paper trading to test a new system/software combination. This week, I felt that I was ready to start trading live. So, for the last several days, I traded my new system live. Result is that MY system is pretty good, but Datek doesn't measure up. I had hoped that Datek's problems had cleared up. Unfortunately, NOT! Fair executions. Poor confirmations. Very poor cancellations. Result - Datek loses; CyberCorp wins. I wired my money out this morning. Note on CyberCorp - I signed up for CyberX because they lowered their fee to $14.95 per ticket and because QCharts is linked to CyberX for Order Entry (right-click on LII and select buy\sell...). Please consider doing the same (to your broker of choice, obviously). Is the few dollars saved with Datek worth the aggravation? Regards, Dan.

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