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: Jon Normile who wrote (6165)	12/4/1997 3:40:00 PM
From: Jon Tara	Read Replies (2) \| Respond to of 16892

Jon, although I initially thought that Mr. Zahran might be confusing Datek with Island, I did take the time to visit the nasdaqtrading.com web site, and saw that Datek is, indeed listed as a MM in many securities, in addition to Island. Perhaps you can clear this up with NASDAQ, and get them to correct their listings, so that Datek customers are not led by NASDAQ to beleive that your are a MM in securities in which you say you are not.

To: Jon Normile who wrote (6165)	12/4/1997 3:49:00 PM
From: sailor	Respond to of 16892

Jon I hate to differ with you, but your confirmations to me state DATEK is a MM. Check out the stock BCMD. If you have any questions, please e-mail me. Jim Hormann PS I am still awaiting e-mail from you re trades in BCMD!

To: Jon Normile who wrote (6165)	12/4/1997 4:39:00 PM
From: Jack Zahran	Read Replies (1) \| Respond to of 16892

Dear Mr. Normile: The screen I am looking at can be found at nasdaqtrader.com . If you enter MSFT in the Symbol entry field and then click on "View Report" a screen will show Datek (MM Symbol DATK) as an un-registered Market Maker doing a volume of 1,097,322 where as Island (ECN Symbol ISLD) did 1,044,436. This is typical for many securities I have checked using this Nasdaq Trading Data site. I have contacted NASDAQ and am awaiting a call from the maintainers of this site to explain this data. In the meantime feel free to look at this screen and try to explain it to the members of this thread. Although I am sure you try very hard to keep your servers running efficiently and reliably, it appears that Datek has a problem with consistentancy in both performance and reliability. I make this statement based not only on my own experience, but by the regular posts on this thread and the volume of e-mail I have received from fellow traders regarding Datek. Thanks for replying to my post and I look forward to a further clarification of this matter. Jack Zahran