I too have shorted stocks repeatedly at Datek that others have been totally unable to short. I also switched to Datek from eSchwab for that reason, among others.
The particular shorts include closed end funds selling at obscene premiums including Thai Fund (TTF), Malaysia Fund (MF and Indonesia Fund (IF).
These orders, even when offered at the bid, sometimes take several hours to fill and occassionally are not filled at all.
In other threads, people state that these same shares are unavailable for shorting at many brokers other than Schwab.
So, Steve, as a silent reader of this thread since it's beginning, I am also hoping you can answer this question.
In fact, I'm hoping you'll do a little research on Datek, which is now one of the largest internet brokers. Datek does provide a very speedy and efficient service and states outright that they neither sell order flow nor trade against their customers in any other way. On the other hand, there is a lot of complaining on the Datek thread at SI and they have no prior reputation that I know of.
I think many Datek customers are a little leary of this outfit, but can't resist the efficient and inexpensive trading, as well as the policy of not trading against their own customers (if it's true).
There is a lengthy Datek thread on SI. URL=www.datek.com |
