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: Mighty_Mezz who wrote (890)	1/7/1997 1:24:00 PM
From: John Xu	of 16892

>> Ginger - >> I am quite frequently able to get limit orders executed in between the spread >> with Datek. Try it you'll like it. >> I eagerly await limit NYSE orders!! Dave, I am sometimes also be able to execute limit buy orders between bid and ask. But very often, after my orders were executed, the bid and ask lowered within 5 seconds. Therefore, I am not sure whether my order got executed because of the lowered ask or because of DATEK's superior system. What's your opinion? NASD is introducing some changes (see yesterday's WSJ article). One rule will make it easy for the small investors to buy/sell between bid and ask. I wonder whether we through Datek will benefit from the rule. Maybe someone from Datek can explain. I am also waiting to be able to place NYSE limit order. Without it, I'd like to pay $20 to other brokers to carry out my order (as the $ lost on a bad execution is much larger than $10 saved on commission). I have proposed to add display of major indicies to Datek's Quotes/Order page but got no answer from Peter. I am very disappointed by his arrogance. John

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