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

To: Peter Stern who wrote (5733)	10/30/1997 9:10:00 AM
From: Larry Voyles	Respond to of 16892

I am VERY HAPPY to be incorrect! I wish I could be incorrect more often about things like this. Thank you very much. If I paid $50 in commission, would Datek guarantee me a 20% profit on every trade? ;)

To: Peter Stern who wrote (5733)	10/30/1997 6:28:00 PM
From: doormouse	Respond to of 16892

Time to Cover... whenever... Just listened into the ZITL conference call, perfect way to loosen up for Seinfeld, or the 3 stooges. It got me to think I may want to cover my short pretty soon, as it tanks-to-target. "Due to current events," however, my portfolio's "Availiable Cash" is 0, and my "Current Buying Power" is way negative. Despite these totals, can I buy shares to cover? thanks, anyone. /k1b0 *** I think I can --- I just entered an limit order to buy ZITL at $5, and it seems to have been accepted. Evidently, the amount needed to cover any outstanding short is already accounted for in the totals? Muhaha, I'm laughing too hard after the conf call to calculate.

To: Peter Stern who wrote (5733)	10/31/1997 10:57:00 PM
From: Stevie	Respond to of 16892

TO DATEK>>>RE:Slowdown on express server.. Over the last couple months i have noticed quite a slowdown on the express server... I used to enter a order and within a few seconds it would show processing ect with an execution right away.. Lateley it seems quite a bit slower..going into minutes at times.. and often taking quite a while even to show processing.. Is another express server being considered? Or will these new XYZ servers be taking some of the load off the express server? I am a daytrader and really like the no confirm feature of the express server.. Thanks for your response!!

To: Peter Stern who wrote (5733)	11/4/1997 4:27:00 PM
From: Morpher	Read Replies (1) \| Respond to of 16892

Peter or anybody with "inside" info, I wondered about this for some time. What happens when Instinet in on the inside market and Datek's customer enters a crossing order? I would expect that a firm should either execute the trade directly on the Instinet or use Selectnet linkage with Instinet to execute the trade. There is however a question about Datek. Datek sponsors Instinet's competition, Island. I also heard that Instinet denied Datek direct access. Datek doesn't like Instinet. Instinet is quite expensive. For any sizable trade Instinet + Selectnet charges would come out to more than $9.99. So, is Datek losing money on market orders or buys at ask/sells at bid when INCA is on the inside market (which occurs quite frequently) or is there some other option I'm missing?