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: Joel Goldberg who wrote (5643)	10/29/1997 2:15:00 AM
From: Jon Tara	Read Replies (1) of 16892

I also found Datek excellent today. (You listening, Peter?) It was not perfect, and I was unable to get through to orders4 to get some quotes from work. I didn't place a lot of trades, and didn't try early in the morning. (What that I'd bought that INTCW I was pondering at the open...) orders7 had no unusual delays (no quotes = no looky-loos) and my orders went through in normal times. I'm sure it would have been a bit different for heavily-traded stocks, of course. I think we are lucky that we were able to trade AT ALL. We could have been on hold on the phone, getting busy signals instead of touch-tone trading, or standing in line behind people sporting wads of cash at the broker's office. :) In 1987 there was no NASDAQ trading. Go away. Gone fishing. Quotes? Yea, sure, two hours later. Today, I had up-to-date quotes (not Datek - from my quote vendor) and my orders executed in seconds. Biggest problem I encountered was with my quotes. I have plenty of Internet bandwidth (cable modem) so that was not the problem - the ticks were coming in fast and furious. But my computer (Cyrix P150+ running NT) was unable to keep up with the tick charts, and the quote software hogged the machine. I had to kill the quote software to be able to access the browser to trade! (Townsend has particularly bad multi-tasking in their RealTick III software. Looking forward to switching to dual Pentium 200's after the 1'st when the chip prices go down again... Hopefully, this will leave a CPU chip free to run a browser when the quote thread hogs the system.)

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