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


To: Jon Tara who wrote (6305)12/23/1997 12:27:00 PM
From: Dan Duchardt  Respond to of 16892
 
Yes Jon I should, but I don't remember his name. I got tired of hitting my head against a wall with this guy and gave up. He couldn't get past the idea that all I ever need to to look at when I want to buy is the ask price, and all I need to look at when I want to sell is the bid. The notion that every transaction has to involve some entity that buys and another entity that sells seemed foreign to him, so it was impossible to engage in conversation about who was buying and who was selling, what the MMs are supposed to do, etc. Thankfully, I'm starting to get my answers out here.

I just read the AGREEMENT & CONDIIONS on the back of Trade Confirmation that says when they act as agent Datek will, upon request, furnish the name of the person on the other side of the trasaction who bought or sold the securities. I think I'm going to ask.



To: Jon Tara who wrote (6305)12/29/1997 1:11:00 AM
From: GS_Wall Street  Respond to of 16892
 
I have been filled quite often, very fast usally with a minute when I split the bid/ask on Datek system. As a matter a fact if the bid/ask is larger than 1/8 piont on avg NASDAQ stocks I split the bid/ask to start.