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


To: Morpher who wrote (13737)12/1/1999 9:57:00 AM
From: Robert Rose  Read Replies (1) | Respond to of 16892
 
Has anyone else noticed terrible market order executions on Datek?

A few weeks ago, I placed a market order to sell 1000 shares of agil at open, when the stock was trading at 139. The order was executed at 136 and mostly at 130. A look at RT activity showed the stock spiking down for the fill at 130, then spiking bact up again to 136. 4k shares were traded at 130.

This am, I just placed a market order to sell 2750 shares of asds when the stock was trading at 29. It took 5 minutes before my order was beginning to fill. In the next 6 minutes, 850 shares were sold in FIVE separate transactions from 29 to 26 in price. Streamer was showing the stock trading at 24, so I cancelled my order. Had I left it open, at that rate my order would have been filled in about 15 separate transactions at who knows what low price.

What's going on here? Any input welcome.



To: Morpher who wrote (13737)1/26/2000 9:04:00 PM
From: Morpher  Read Replies (2) | Respond to of 16892
 
Datek Online Reports Record 81,004 Average Daily Trades for 1999 Fourth Quarter (PRNewswire)

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