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

To: Jack Zahran who wrote (6118)	11/30/1997 4:58:00 AM
From: Dirk Hente	Read Replies (1) \| Respond to of 16892

Jack, the report you are referring to at nasdaqtrader is a list of 'registered market participants' (=MP's). There are several types of MP's: market maker (M), ecn (E) and order entry (O)firms. so, when you see Datek in a share volume report e.g for INTC this doesnt mean they are acting as a market maker in INTC. BUT, one thing is really strange, DATEK is indeed listed (@nasdaqtrader) as a market participant of type M . so the questions is, is datek making a market or not. i am not sure if the list @nasdaqtrader has just errors in it or if its just a wrong usage of the terms 'market maker' and order entry firm. there are tw0 firms i know(YAMNER and PT DISCOUNT) both claim to be an order entry firm but both are listed as a MP of type M in the list. One final general remark about DATEk. - 'reachability' of DATEK over the internet. after a couple of hundred trades (over 1 year) with datek i must say that i never had connection probs at all (may be just luck). i am using 3 different ISP's, so my redundancy is quite high. what i am missing in all these discussions about connect probs to DATEK is, how are ppl make sure thats not a prob of their ISP. - speed of orders basically ok, sec's to 1 min. exept for 2 or 3 trades (out of 200 or 300) which unfortuantely took 10 mnutes or so. -support 'talking' to datek is like talking to a black whole. you'll seldom get something out of it. Support is really terrible.