Datek Brokerage $9.95 a trade Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Datek Brokerage $9.95 a trade

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: pae who wrote (6287)	12/23/1997 2:07:00 AM
From: Dan Duchardt	Read Replies (3) of 16892

I was playing the system today (actually yesterday now) trying to see how orders on NASDAQ stocks move through the system. I entered a buy order above the bid on OLOG. As fast as I could get a quote a few seconds later, the bid was at my price, so I'm pretty sure it was my order that moved it. It stayed there for a long time. After a while, trades started executing at my price, but I did not get a fill. I called Datek and was told that I will NEVER get a buy below the ask price, or a sell above the bid price. Limit orders just have to wait for the market to move to meet them or they will never get activated. I posted some questions about how all this works on the Island ECN thread. Message 3024234

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next