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: Quaddad who wrote (10624)	12/16/1998 3:03:00 PM
From: Len	Read Replies (2) of 16892

From the Datek site: Datek Online will not charge a commission ($9.99) for any marketable order that is not executed within 60-seconds. Our 60-second commitment applies to online orders that are marketable after 9:45 AM Eastern Time. The order must be marketable upon entry and remain marketable for 60 seconds. The order cannot be a short-sale, and the market in the stock must not be crossed, locked or halted. This commitment does not apply to orders that are 'stopped' at a price by a specialist/market-maker awaiting price improvement. This commitment applies to all NYSE, AMEX, and Nasdaq stocks. The 60-second period is measured from the time that 'processing began' until the time the order is 'executed', as indicated on each electronic trade confirmation. What a surprise!!<g> I guess this is finally their admission that they just can't handle trades at the open, and they have bit off more than they can chew. Bets are being taken for how long before they add the last 15 minutes of the trading day.<g> Len

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next