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Non-Tech : Datek Brokerage $9.95 a trade
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To: Esteban who wrote (9691)9/16/1998 12:39:00 AM
From: peter michaelson  Read Replies (1) of 16892
 
Esteban:

My thoughts precisely, although I never could have articulated them as well as you have.

I recently opened an MBLite account at MBTrading (no Level II) and so far I don't see much advantage on the execution side, particularly NYSE where fully 50% of my trades occur. But I haven't had enough experience over there to say that with any confidence - plus no Level II.

I also get a lot of price improvement at Datek on marketable limit NYSE orders, but never, never at Schwab.

peter
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