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Non-Tech : Datek Brokerage $9.95 a trade -- Ignore unavailable to you. Want to Upgrade?

To: Ira Player who wrote (13256)	10/6/1999 4:58:00 PM
From: RockyBalboa	Respond to of 16892

Interesting. I didn't see big problems. When I wanted to hit a MM bid it worked. When an ISLD ask was not taken it was possible to taken them, and hit an MM bid some moments later, which had advanced already. When I saw that no ISLD orders are routed & displayed, I smelled "rats": First I thought, nice, all have the "select" feature on. Later, I traded a stock where the 2nd, or third best ISLD bid was displayed as best on the nasdaq (when I entered one via Datek, it also got displayed). But better bids haven't been displayed, as if they have been entered with the no show "S" mark. Either many software faults or also some involuntarily entered invisible bids. There is at least one stock (GMGC) where that feature has been widely used by MMs (ie. showing a high ask when lower ISLD asks remained untouched while a number of trades went off way ahead the isld ask).