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: Jack Zahran who wrote (6171)	12/5/1997 1:50:00 PM
From: Peter Stern	Read Replies (4) of 16892

Datek IS NOT a market maker, has not been a market maker since long before Datek Online started, and has no plans to be a market maker. Datek is currently listed as a market maker in TESTB, an imaginary equity used for test purposes, and a single real equity, QGLY. A market participant is not the same thing as a market maker. Datek acts as agent on behalf of its customers. However, as Datek is the sponsor of the Island ECN, the reporting rules require that Datek Online report the trade as principal in some cases. Regardless of how the trade is reported, Datek Online's goal is to provide 1) the best execution of any brokerage anywhere 2) inexpensive access to superior execution systems 3) the best customer support Have a great weekend... -peter

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