Datek Brokerage $9.95 a trade Message Board

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Non-Tech : Datek Brokerage $9.95 a trade

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To: Jon Normile who wrote (3224)	6/13/1997 2:20:00 PM
From: Jon Tara	of 16892

Jon, I finally sold my NYSE position. I will not enter into any more NYSE positions with Datek. What happened is clearly different from what you have described. I placed an order to sell a stock at 20 1/2, when the quote was 20 3/8 x 20 1/2. Subsequent to placing my order, the offer ticked up to 20 5/8. It should not have been possible for the offer to tick up to 20 5/8 with my unfilled order on the book. My order finally sold only when the bid went to 20 1/2. I am not asking for anything unreasonable like a guaranteed fill of a non-marketable order. All I am asking for is representation in the market, as you claim to offer. The offer should not print above my offer without an execution.

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