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

To: briank who wrote (14313)	3/16/2000 9:30:00 AM
From: Augustus Gloop	Respond to of 16892

<<There is more to this game than cheep commissions.>> Far more! I'm not sure for the aggressive trader there will ever be a good replacement for a personal relationship with a broker.

To: briank who wrote (14313)	3/16/2000 2:59:00 PM
From: samoyed	Respond to of 16892

briank: I looked over the Fidelity brokerage site and thought it was not well designed. Unable to find information about accounts. Do you know if they update portfolio realtime (ie. each trade) and if they will fill orders below ask? Also I could not find out what their current margin rates were or what their cash rates are or about checking account. Very uninformitive site on a brief visit, that scares me. I too manage 401k with them which a definite improvement over previous management co., even though it is very crude. I have been with Datek for 4 yrs. and have been generally happy with them, but I'm with everyone else as to their new NM/NS policies (Q even showed up as NS this AM). I seldom experience the order execution, cancelation, or site problems that everyone talks about. I never use them or streamer for quotes, maybe that is why. I have compared their "realtime" quotes with my NAQ RT Trader and Datek seems to be about 4 min. behind (using order page quotes). IMHO, they are grooming the CO to take public or sell, by adding all the customers they can. ETrade did this early on and opened their site up to all, but showed all users as account holders. One reason they may be changing the margin requirements is to keep from borrowing themselves to cover margin loans. About a year ago Paul Allen took a stake in Datek, maybe that money is running out and they are in a bit of a financial pinch, so the trickle down theory is in play. õ