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: Peter V who wrote (9709)	9/17/1998 3:25:00 AM
From: LEVEL7	Read Replies (2) of 16892

Peter, fill or kill orders require the broker to immediately execute the order or cancel it. The size of the order is immaterial. Also, the order may be partially filled unless you include "all or none" instructions with it. Once an initial short order is accepted (assuming it wasn't a fill or kill) there would be no reason for it to be cancelled. The only exceptions would be the order being "timed out" on Selectnet or something, which I don't believe Datek offers. If the order was placed on ISLD or with a specialist, a downtick would not cause it to cancel. Good luck

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