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: Bill Rood who wrote (8148)	4/24/1998 1:36:00 PM
From: Rubber Man	Read Replies (1) of 16892

I agree. Whenever I request funds (via overnight), I know it'll arrive, whether overnight, the next day or the day after. DHL usually picks up the checks at around 16:00/17:00 the day you ordered it (or the day after if you ordered it too late). From the little pamphlet that came with my last statement, I think Datek rakes in quite a lot. They have nearly $400 million in margined securities, 7% interest is $28 million/year. That is of course not counting the 15,000 or so trades every day. That said, I think Datek should have no problem coming up with cash to pay for decent customer service- whether they do so is another story.

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