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: Rene Madsen who wrote (9449)	8/12/1998 12:07:00 PM
From: Mama Bear	Read Replies (2) of 16892

"In my case i had a limit price of 45. At the time the sale was confirmed (when I cancelled it) the ask was 44 1/4. 3/4 to the ISDL MM?" I don't get your complaint as far as the numbers are concerned. First, you didn't tell us whether the order was to buy or to sell. If the order was a sell with a limit of 45 and they executed it at 44 1/4, call and ask for a trade inquiry. You may have to squawk a little, but it should be reversible. If the order was a buy with a limit of 45, it looks like you got 3/4 of a point price improvement. This is not to say I don't consider orders that just sit there in limbo to be acceptable. I am just trying to understand how you think Datek scalped 3/4 off of this trade. Barb

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