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Non-Tech : Datek Brokerage $9.95 a trade

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To: jaison who wrote (8447)5/4/1998 11:06:00 PM
From: gbh  Read Replies (1) of 16892
 
Schoch, partial fills are common on large shares trades on Datek. They do not offer "All or none". Partial fills at different prices are a little less common but can certainly happen, but obviously only on market orders. If you are selling 1000 shares at market and only 500 are bid at 3 3/16, only 500 can be filled at that price. Bid must tick down to complete the fill. Nothing unusual about this.

Were your greater than 1 minute trades market orders? If so, then Datek will simply not charge you the commission on that trade. If they do, call them (contrary to what everyone says here, they do answer the phones). They will generally give you the next trade free, but sometimes you do have to be persistent.

Datek is currently alpha testing streaming quotes (not level 2). Its pretty stable now, but on win95/nt, make sure you use IE4.01 or HotJava browsers. If using Netscape, you need to get a non-standard downloaded version (with java 1.1 support). Email them at streamer@datek.com and ask to be an alpha tester.

Hope this helps.

Gary
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