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Non-Tech : Datek Brokerage $9.95 a trade
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To: Marie Thorsson who wrote (927)1/15/1997 7:25:00 PM
From: Peter Stern   of 16892
 
Thanks for all the kind words on Datek Online.

yay.

Something that might interest Datek Online traders.
You can now view the Island limit book in real-time on the Web

goto
isld.com

(this is only interesting during the trading day)

its a site we are working on to give smaller brokerage firms easy access to the island limit book, but you can use it to see your orders, or to see other orders in the middle of the market that you might want to take.

If you see an order on the Island limit book that you want, just enter the other side as a day limit order, in your datek online account or call up your broker if he is on the Island network. (E-trade is not, although the invitation is there....) Your broker will be very impressed with your middle-of-the-market trading savy.

If your Datek Online order is still open after a few seconds (remember to account for internet latency) cancel your open limit order! What probably happened was you missed that Island order! feel free to check.

Now, remember, when your order is on Island it seen on the 600+ Island terminals and also on NASDAQs selecnet system and is visible to all NASDAQ brokers/market makers trading in that stock. (Your order may be simultaneously sent on other execution channels as well)

No other brokerage firm does this for their customers. Nobody. Why not? Because that is not how they make their money. But thats another story.

Its really rough right now, so cosmetic, although constructive criticism is a waste of your time. Send other comments to peter@josh.com. please do NOT post here.

And to the lucky customer who took a market maker for 2 points in INTCW last thursday, GREAT JOB!
of course you made my life a living nightmare for 2 hours on Monday morning. Can I blame you? (read the Datek Online info page post for details)

And remember, on 20 january, its a brave new world. Nasdaq may or may not work. be careful.

-peter
Director of Internet Web Posts
Big Fluffy Pillow Systems
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