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: henry jakala who wrote (10760)	1/11/1999 12:34:00 AM
From: bgavlick	Read Replies (1) of 16892

Maybe I can help clear this odd lot stuff up for you guys. Odd lots do not show up on level II unless they are over 100 share increments. If you are filled on ISLD for an odd lot size and the the next ISLD (not the market makers) bid or ask has moved up or down to the next level then the rest of your ISLD order is automatically cancelled, filled or not, end of story. I use ISLD and SOES exclusively to trade with and these partial fills are a minor problem with direct access to the markets. I assume it can be a bit more of a problem with Datek if it takes you a minute or two to execute another order. Overall you can't beat ISLD for speed and liquidity in most Nasdaq stocks.

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