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: Keith Lenart who wrote (11618)	4/13/1999 9:44:00 PM
From: Bob Rudd	Read Replies (4) of 16892

I just read a book [Electronic Day Trading, Nassar] on daytrading that praised the advantages of what they called EDAT or electronic direct access trading...evidently you have to go to a broker sponsored trading room to do it. A key advantage was that unlike online brokers like Daytek where the order is essentially emailed to the broker then forwarded to trading desk, this EDAT system is a direct connect..much faster and surer approach. There also were superior info support systems like Level II quotes. Of course cost would be higher. I was looking at Datek as a possible replacement for 2 [slow]online brokers I currently use, but your tale of woe brings home the idea that maybe these conventional online brokers just aren't structured to handle daytrading these rocket-sled type stocks reliably.

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