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Non-Tech : Knight/Trimark Group, Inc.
KCG 20.000.0%Aug 17 5:00 PM EST

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To: Herschel Rubin who wrote (3873)9/10/1999 6:22:00 PM
From: Gary Korn  Read Replies (3) of 10027
 
Herschel, or anyone else,

I had thought Datek/Island were affiliated, and that Datek sent its orders to ISLD. Obviously, however, it can't send orders on illiquid stocks to ISLD, because they would never fill. Does anyone know what Datek does in this case?

Also, Datek charges about $10/trade. For those trades it processes through ISLD, how does Datek make any money?

Gary Korn
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