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Strategies & Market Trends : From the Trading Desk -- Ignore unavailable to you. Want to Upgrade?

To: steve goldman who wrote (2471)	1/29/1998 2:26:00 PM
From: sweez	Read Replies (1) \| Respond to of 4969

How do you find a broker that takes care of invester like that? I never know when my broker did his best and I pay $60 for Phone access.

To: steve goldman who wrote (2471)	1/29/1998 5:35:00 PM
From: Dan Duchardt	Read Replies (1) \| Respond to of 4969

Whipsaw, steve I have read the Datek messages regarding Datek's relationship with Island. It explains why they often identify themselves as principal, "either buying or selling to me". I appreciate steve's informative response about the difference between principal and agency, but I still have to conclude that something different is at play in this case. I have many reports for many stocks where Datek is identified as principal, but only in the case of this one stock (AMES) do I see the designation "MM- we are a market maker in this security". I have no need to press for an explanation of the distinction, and I certainly don't have the the knowledge to give one. As far as I can tell it's just a couple of additional letters on the report with no apparent effect on the price for my transaction. I just like to know what is going on, and it makes me wonder what is different in this case.