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: Len who wrote (9189)	7/20/1998 9:50:00 PM
From: nick nelson	Read Replies (1) of 16892

Len, Starting today, aren't MM's off-the-hook filling SOES orders... they can trade 100 shares only - not the before required >= 1000? How will this affect our trades thru ISLD? Now if they could just execute Nasdaq market orders correctly! I had a BC 500 at 55 stop market, market at 54-54 5/8, quick run-up for pick-off, back down to 54 1/8-5/8 - triggered but no execution. Two minutes later 200 BC @ 54 5/8, stock goes back to 55 - the rest of the BC covers. Datek pockets the 3/8 on 300 shares - but sweet guys that they are - wave the $9.99(market order over 10secs) - live market order for 3-4 minutes while 6 other orders go thru at 54 1/8 x 54 11/16. They just can not handle STOP market orders properly... if your order doesn't make it to their Island book... they throw you to the wolves.<ggg> IMO, nick

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