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Strategies & Market Trends : The Final Frontier - Online Remote Trading

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To: agent99 who wrote (7529)7/20/1999 10:36:00 PM
From: TFF  Read Replies (2) of 12617
 


DATEK After Hours Trading for Individual Investors

Until now, only professional traders and institutions could trade outside of the official market hours of 9:30 AM to 4:00 PM ET. But soon you - the individual investor - can have your Nasdaq limit orders participate in an after hours trading session from 4:00 PM to 5:15 PM ET each business day.

With Datek Online after hours trading, you'll be able to trade after the major markets have closed, when many important news announcements are made. And you'll be trading on one of the fastest growing and most liquid "electronic communications networks" in existence-The Island ECN.

But after hours trading can present some unique risks:
You may encounter wider spreads between bids and offers than during normal hours
You may be competing against professional traders with more information and analysis
Some stocks will be very liquid during after hours sessions; some will not be liquid at all
News stories may have a greater impact on stock prices
Stock prices may appear to be more volatile
Eligibility for After Hours Trading
Datek Online accounts must be enabled for participation in after hours trading sessions. On the Investment Site, you will be able to choose "Enable After Hours" from the account options pull-down menu.
Only Nasdaq stocks will be available for trading during after hours sessions. NYSE and American Stock Exchange stocks are not eligible for after hours trading through Datek Online.
Only limit orders will be accepted for participation in our after hours trading sessions. Market orders and stop orders will not be accepted for after hours trading.
All orders for participation in after hours trading sessions will be represented on The Island ECN, an electronic order-matching system that automatically pairs up limit orders to buy and sell. You may visit Island's website at www.isld.com.
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