Datek Brokerage $9.95 a trade Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Datek Brokerage $9.95 a trade

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Morpher who wrote (13737)	12/1/1999 9:57:00 AM
From: Robert Rose	Read Replies (1) of 16892

Has anyone else noticed terrible market order executions on Datek? A few weeks ago, I placed a market order to sell 1000 shares of agil at open, when the stock was trading at 139. The order was executed at 136 and mostly at 130. A look at RT activity showed the stock spiking down for the fill at 130, then spiking bact up again to 136. 4k shares were traded at 130. This am, I just placed a market order to sell 2750 shares of asds when the stock was trading at 29. It took 5 minutes before my order was beginning to fill. In the next 6 minutes, 850 shares were sold in FIVE separate transactions from 29 to 26 in price. Streamer was showing the stock trading at 24, so I cancelled my order. Had I left it open, at that rate my order would have been filled in about 15 separate transactions at who knows what low price. What's going on here? Any input welcome.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next