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

To: Charliss who wrote (6310)	12/23/1997 1:22:00 PM
From: The Vet	Read Replies (1) \| Respond to of 16892

<<Datek claims to offer real time quotes: are these snapshots, and not tick by tick? >> They are snapshots but you can refresh as quickly as you can press the "Get Quote" button so on slow movers there is no real difference. As an example I just put in a sell on a NASDAQ stock. Bid 3 1/4 Ask 3 5/16.. My sell 5000 shares @ 3 1/4. I was filled for 1000 @ 3 1/4 and the bid dropped immediately to 3 1/8.. About 5 minutes later the ask dropped from 3 5/16 to 3 1/4 (obviously it takes that long for the MM to reject the rest of my order and for it to be placed back on Island). Since that time the bid has remained at 3 1/8 and the ask 3 1/4.. I have not moved any of the balance of the 4000 I have left but the volumes show that a further 1200 shares have been traded @ 3 1/4. Obviously my offer at $3 1/4 was there first but I won't get a fill until the MM is prepared to move the bid back to 3 1/4 and he will continue to trade around my price on Island until the market closes.

To: Charliss who wrote (6310)	12/23/1997 1:50:00 PM
From: Dan Duchardt	Read Replies (1) \| Respond to of 16892

Real time to Datek indeed means snapshots. They send you a quote whenever their computers accept a connection from you (sometimes they get too busy, and your connection is refused). In my opinion, that is a misuse of the term real time. What they provide is current quotes on an "as available" basis. The number of free quotes is unlimited (a good feature!) and they are usually accurate (they seem to have trouble with bid/ask prices a times, as they did this morning, so be careful). It's not a perfect world, but I don't know if anyone else does it better on the internet. I know nothing about Bullsession, but I'm interested in exploring true real-time tick by tick services. They tend to be pricey, and I can't seem to find anyplace you can go see them in action to check them out, just lots of ads on CNBC

To: Charliss who wrote (6310)	12/23/1997 3:30:00 PM
From: Chuck T	Respond to of 16892

If you are really interested in real time streaming quotes, not snapshots, you should check out StockEdge Online at: dbc.com Active traders check out Wall Street Access at: wsaccess.com for rebates of $90 per month when you use StockEdge. or, Dreyfus at: tradepbs.com for credits of $75 per month when you trade five times per month if you are a StockEdge user. There is a 30 day trial in which you pay only the exchange fees if you'd like to check it out and see if its for you. Chuck T. DBC dbc.com