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


To: RockyBalboa who wrote (15065)10/22/2000 1:23:20 AM
From: jmedved  Read Replies (1) | Respond to of 16892
 
InfoStream, You said "If the streamer was able to draw intraday charts and tick charts and integrate ECNs and MMs I would use it more".

Well, you can get all that using DATEK Streamer as a quote source - get QuoteTracker from quotetracker.com. We expect to release integrated trading into beta for DATEK shortly within the next couple of weeks. QT is free.

As far as DATEK Level II, Its OK, but it is not the same as the stuff you get from the high priced systems. DATEK's data feed does not show every change in the order flow. They just show 1 or 2 second snapshots of the Level II quote.

Jerry Medved
2GK, Inc.
quotetracker.com



To: RockyBalboa who wrote (15065)10/22/2000 7:51:31 AM
From: RockyBalboa  Respond to of 16892
 
One slight correction:

Datek has no order routing (like Cybertrader has)

Of course has Datek (automated) order routing.
My remarks referred to the lack of manual order routing and MM preference.



To: RockyBalboa who wrote (15065)10/25/2000 2:03:54 AM
From: Richard James  Read Replies (1) | Respond to of 16892
 
Thanks for the detailed information on your experience with Datrk, infostream. Will probably transfer to it (had an account with it for a few months in 98). One reason I left and have not been back is IRA fees. Have 5 separate IRAs and $40 annual IRA fees are a factor, especially if you only trade once a week.

Am just a bit more active. Did 4 trades today, which brings me to 19 for this month. Do few options, but note that DATEK has added options.

Reason for being so careful is it is its so difficult to transfer IRA funds, and you have to be careful about the restrictions.

Remember my VASO recommendation. It is back to languishing below 4, but I suspect it is a real comer. I know you are perfectly capable of doing your own dd. If interested, look at 11wall.com and read a few of the posts on the VASO board. Also click on the link to PNEW's site, which has rounded up a great deal of info and links. Its risky, but may be uniquely rewarding.

Thanks again for the information