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Strategies & Market Trends : The Final Frontier - Online Remote Trading
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To: agent99 who wrote (6858)3/28/1999 1:24:00 PM
From: Dan Clark  Read Replies (1) of 12617
 
Datek wants to become an exchange!

Here is an article referenced by another thread.

newsalert.com

Now the reasons behind Gretchen's article become more clear - not just competition, but MAJOR competition. I don't know whether this is good for investors/traders, but I suspect that it is REALLY BAD for the traditional brokerages and MMs. Imagine what it must feel like to have your fastest growing competition be OUTSIDE of Wall Street.

Couldn't happen to a more deserving bunch!
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