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Non-Tech : Datek Brokerage $9.95 a trade

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To: Crabbe who wrote (3355)6/20/1997 10:03:00 AM
From: wmwmw   of 16892
 
Datek has been incapable of executing market orders this morning so far. From 9:40 to now I have had three market orders, only after 3-4 minutes later canceled and got a time-out message. The cancel result also slow. What is the use of a broker if it can't execute any orders? Who will be responsible for the loss resulting from this?
From a customer's point, Datek needs to improve its slowness at the market open, at least not worse than other brokers.
There will be other brokers capable of fast execution. I am considering cyber-trader. A several dollars save in commissiom is not a big deal, compared with the loss resulting from the flaw in executions.
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