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Non-Tech : Datek Brokerage $9.95 a trade
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To: Tai Jin who wrote (7170)3/5/1998 9:25:00 AM
From: Tom R. Jones  Read Replies (2) of 16892
 
Tai, Many brokers charge an extra 1 cent per share for going over 5,000 shares in total for a particular stock.

For example, If I buy 5000 shares of DUM at National Discount, I pay 19.95 for a limit order. If I then put in an order to buy another 5000 shares, I have to pay an additional $100 (1 cent for each share purchased).

If I understand you right, a trade that will cost me $119.95 at NDB would cost me $19.90 at Datek. Am I right?

Thanks, Tom
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