Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: hypostomus who wrote (15076)	10/26/2000 5:15:53 PM
From: belker	Read Replies (1) \| Respond to of 16892

I am wondering about a trade I made this morning with Datek. I was short JDSU and had a stop market buy at 69 15/16. It triggered and then took four minutes to fill at 71 1/2. That's a bad fill in my eyes. I called Datek. First the broker checked the Time and Sales and then said that the order went off at 69 15/16, was sent to a dealer who held it for 2 minutes but did not fill it. It then went back to Datek and they sent it out again. Two minutes later it gets filled at 71 1/2. The broker said Datek goes after price, that is the most important thing. I don't get that, I placed a stop market order as I wanted it filled, I did not want to mess with a limit that might get blown past. How can Datek say it is in the hands of the dealer and take no responsibility? Is this common with Datek? I had a problem like this a couple times with MSDW and, after checking the Time and Sales, they made it right. Do I have any recourse here? Has anyone else dealt with a fill like this? Thanks Bob