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: Morpher who wrote (6506)	1/30/1998 9:50:00 AM
From: Esteban	Read Replies (1) of 16892

Morpher, Your post to Peter Stern and Jon Normille expresses my feeling exactly on many issues. Regarding: - Why are SPY orders not handled between 16:00 and 16:15? Why no 1/32nd's 1/64th's on SPY and no 1/64th's on Nasdaq? I spoke on the phone with a rep about these issues. They said you can place orders in increments of less than 1/16 if you phone your order in, so apparently it's a software problem. However even a phone order won't get you an order to the floor after 16:00. I don't know of any other broker that doesn't allow trading SPY till 16:15. Datek still has very fast execution and order entry speed. But it seems they are falling behind other online brokers in many areas that they used to lead. Esteban

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