Brown & Company New "5 and 10 Store"? Message Board

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Non-Tech : Brown & Company New "5 and 10 Store"?

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To: Esteban who wrote (104)	8/2/1998 2:12:00 PM
From: Brendan W	Read Replies (1) of 1865

I really doubt that Datek executes on the NYSE... simply because of their commission structure. If you have a 2000 share limit order, the specialist gets 1c per share, so every 2000 share limit order would be a losing transaction for them. I also don't think there giving 100 share limit orders to a floor broker to execute ... it wouldn't be economic to pay one with a $10 commission involved (or whatever it is).

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