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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 249.14

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3:59 PM EST

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To: Sam Sara who wrote (90259)	1/7/2000 11:03:00 PM
From: Robert Rose	Read Replies (2) of 164684

<I am sure many on this tread are frustrated with their online brokers, so if you have any positive things to say about yours, please speak up!> I've given some thought to this subject recently, for some of the same reasons you voice. And here are my conclusions: I've decided that my chief problem was not my OLBs but the practical limits I was facing trading large blocks in stocks with small floats. Schwab guarantees a 500 share block at market. Neither Datek or Etrade do that. In general, this more than makes up for Schwab's higher fee. Of the other two, I much prefer Datek. I have horror stories re: Etrade's incompetence that I won't even get into here. One thing I like about Datek is that they trade through Island ECN, first and foremost. This is generally regarded as the most liquid ECN. Etrade, otoh, uses Instinet. Using Datek's Island Book Viewer, I've gotten better at adjusting limit orders to ensure cleaner executions. If you understand how trades are actually executed by Datek, you can minimize many of its drawbacks. In that regard, I've found this book helpful: amazon.com I agree their Datek Streamer is almost more trouble than it's worth. The main thing I plan to do over time is shift $ from Etrade to Datek and Schwab. The latter two both have advantages for different purposes. Good luck, Rob

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