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Non-Tech : Datek Brokerage $9.95 a trade

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To: Keith Monahan who wrote (13241)10/6/1999 11:47:00 AM
From: Ira Player  Read Replies (2) of 16892
 
Just found out Island is not being represented in the overall market.

If an Island bid or ask are the inside market, the MM can ignore it and continue trading at lower or higher prices without hitting Island.

Datek, of course, has known about this problem, but has not bothered to notify it's customers.

I'm out of there as soon as possible.

No concern shown at all about the impact on customers. "Not our problem."

Again.

Ira
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