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Non-Tech : Datek Brokerage $9.95 a trade

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To: Esteban who wrote (6222)12/12/1997 9:47:00 AM
From: Peter Stern  Read Replies (2) of 16892
 
Esteban -

This question comes up relatively frequently. As far as Datek Online is concerned, the only 2 choices are represent the order or fill it. Nothing else.

Now, let me ask you a question. How do you perceive "representation"? who is your listed quote provider? Or are you using the datek online quotes?

The old style NYSE consolidated quote feeds are not the fastest in the world, and I have seen third party "real-time" tools be nominally 40 seconds or more late, and when things get cooking I have timed them at 5 minutes behind real market data.

-peter
smith wall
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