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: Sir Francis Drake who wrote (12274)	5/26/1999 6:53:00 PM
From: Esteban	Read Replies (1) of 16892

Morgan, Like Gary, Datek has always made good on my NYSE orders that should have filled based on time and sales. So even if you "didn't lose money" you may still be entitled to a better fill if your order was in for so long. If there were any trades on the NYSE (not regional exchanges) that were better than your price during the time your order was active, Datek should (and has for me) adjust your fill to that price. This assumes that everyone filled at levels above you was not already in line before you. But this is easy to check because in order for them to have time priority their shares would show on the ask before your order entry time. BTW, if my limit to sell NYSE does not show on the ask within 2 minutes, assuming it is at or better than the current ask, I call Datek. For these listed stocks, they'll get an answer if you make it clear that you understand the order handling rules for NYSE. They won't adjust short sales however, always contending that shorts have no priority, which is not strictly true. Esteban

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