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To: GS_Wall Street who wrote (7282)	2/17/2000 7:08:00 AM
From: gbh	Respond to of 10027

Greg, I actually wish Datek would align more closely with a PFOF MM (like NITE), and route non-matched ISLD orders there for rapid fills. I have a Level 2 quote display, and if ISLD is not on the other side of my trade, my fill times generally suck. I believe they SNET non-matched orders to Nasdaq where fill times can be horrendous. I didn't get this rebate yet. But I've only done 12 trades in Feb, thus far, with Datek. Does the rebate just show up as a credit to your account, or is there more info about which trades (stocks) were rebated? Thanks. gary

To: GS_Wall Street who wrote (7282)	2/17/2000 12:07:00 PM
From: GS_Wall Street	Read Replies (1) \| Respond to of 10027

Datek rebate was for January, and it just showed up in my account. I only made two market trades in January. My understanding is payment for order flow is only for marketable orders. They did not show what trades and where they where routed, that would be interesting. It is also my understanding that they route through SelcetNet. But these relationship can change without notice. It would benefit Datek and its customers if they routed to NITE that would provide a guaranteed fill. although only two times that I have placed a market order did it take more than one minute to fill and then I automatically received the commission rebate. But I usually trade liquid stocks. Sorry Gary I meant to reply to you.. I guess I'm talking to myself. :)