SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Datek Brokerage $9.95 a trade
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: AHM who wrote (9640)9/8/1998 12:22:00 PM
From: WhipsawMcGraw  Read Replies (1) of 16892
 
Why would anyone be crazy to deal with a firm that sells order flow. My company does it. You probably do not have much experience in the markets but let me explain how it works. A NASDAQ level III machine is for making markets. The system has "ACES" which is the same thing has SOES. ACES is instant, one second execution. Let us say that you are my client and want to sell 1,000 shares of INTC. I put the order into the system and it is executed immediately. It is the same as if I were to be trading on SOES.

So why would you be crazy to deal with a firm that does this? If the company does not make a market in the stock, then I SOES the order for my client. Now we do not get a rebate for that but it takes the same amount of time.

Lastly, god bless other firms for selling order flow. This enables them to pass the savings down to the customer. This is how companies are charging next to nothing for trades.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News