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: Marc D. who wrote (1063)	1/29/1997 7:21:00 PM
From: John Xu	of 16892

Marc, Thanks for your posting. A general question: will we benefit from the new SEC rules? Peter said yes. But from what i read in the WSJ, SOES system will not. My recent experience seemed confirmed this. >> Also, I should note that if you look in your Daily Activity report and check the "Ent Time" and "Exec Time", >> you will notice that if the time was greater than one minute they did not charge you the $9.99 transaction >> fee. Well, fast execution is what drawed me to Datek. I don't care too much about the savings in commission fees compared to other on-line brokers. If Datek cannot do fast execution, i am going to reconsider my decision. By the way, everybody should carefully check to make sure Datek does not chage you $9.99 if the time between enter time and exec time is longer than 1 min. My friend had one order charged $9.99 even the time is longer than 1 min. I reminded him the promise from Datek and it took him three phone calls to correct the problem. I think the customer services at Datek have lot to improve. I expect Peter or someone else from Datek can shed some light on this discussion. John

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