Datek Brokerage $9.95 a trade Message Board

STOCKTALK

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 Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Rene Madsen who wrote (9818)	9/25/1998 9:53:00 AM
From: Jon Tara	Read Replies (2) of 16892

Rene, I can't imagine daytrading while manually doing margin calculations. And transaction cost IS important! MB Trading, and similar operations, SELL you quotes that you can buy elsewhere, in some cases cheaper. (Although they typically will rebate you the cost of the quotes if you do enough trades - but that is a LOT of trades!) I think you are better-off to use Datek and get your quotes from PC Quote, S&P Comstock, Townsend, etc. You'll be getting the same quotes using the same software and probably from the same data source. What you won't be getting is an integrated order-entry system, but an order-entry system that can't tell me what my margin position is intra-day is useless! These places do also give you the ability to choose your market (MM, specific ECN, etc), which can be a advantage or a curse.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next