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Non-Tech : Datek Brokerage $9.95 a trade

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To: doniam who wrote (9511)8/17/1998 1:25:00 PM
From: INFO_DART  Read Replies (1) of 16892
 
"Bucket Shop"--DATEK TRADING SECURITIES for OWN ACCOUNT?

What does it mean when a brokerage firm, TRADING SECURITIES for OWN ACCOUNT, "bucket the order?"

How does the concept, "bucket the order," relate to late fills, orders not getting executed until cancelled and other strange order handling events ?

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