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Non-Tech : Brown & Company New "5 and 10 Store"?
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To: Esteban who wrote (269)11/21/1998 2:15:00 PM
From: Bruno Galliano  Read Replies (1) of 1865
 
I also have two accounts with Datek and One at Waterhouse. Waterhouse to me is unusable for daytrading. The one thing about Datek that I do not like is the cash situation. According to all I read, a money mkt account is covered by the SPIC as a security. Datek although fast and fair in their executions except at the open and close, advertises cash is covered by insurance up to $100,000.00. Many times my cash exceeds this amount. I feel uncomfortable having cash over that amount exposed. Does Brown offer any money market or insurance above $100,000.00. I also like the order routing of Datek thru the Island, as I get some unbelievable fills between the bid and ask. Thanks
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