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: Morpher who wrote (10796)	1/14/1999 6:39:00 PM
From: Morpher	Read Replies (3) of 16892

Online Brokerages Upgrading Computers to Meet Surging Volume ... ''At the opening there are some delays, but it's a function of the tremendous amount of orders in some Internet stocks,'' said Ed Nicoll, president of Datek Online Brokerage Services Inc., which is averaging about 65,000 transactions per day this week, up from about 42,000 during the fourth quarter. ''People have to understand that because of these market conditions they can't expect to get the same kind of executions they might normally get,'' he said. ''Investors need to understand the risks they're taking in these stocks.'' Nicoll said his firm will rebate its $8(???) commission to customers when it can't execute their trade within 60 seconds -- provided those trades can be automatically executed by market makers like Knight/Trimark Group Inc. If not, there's no rebate, he said ... bloomberg.com

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