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: Piotr Koziol who wrote (7371)	3/13/1998 5:18:00 PM
From: TraderC	Read Replies (2) of 16892

RE: Datek server performance I don't think Datek server performance is that great at all. It took me a good _9_ minutes to execute a market sell order on ORCL this morning, from the time my order was entered, to the time my shares were sold. During that time, the price on ORCL dropped like a rock. Sure, you can blame it on the market opening. But this kind of delay never happened to me when I was using Brown & Co. They were always executed between 0-5 minutes once the broker received your phone order. If anyone from Datek is reading this, please do the following: 1) Consider compensating me for my loss, in addition to the free commission. Nine minutes of delay is simply intolerable in today's market. Brown & Co would at least give me a price improvement when the delay exceeded 3-4 minutes. 2) Upgrade the trading system in a massive way so that you can ensure things will run more smoothly at future market opening and closing. If something is not done about this, one can be sure all hell will break loose at the next correction. George

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