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

To: Hank who wrote (6741)	2/10/1998 10:25:00 AM
From: Scott Pedigo	Read Replies (1) \| Respond to of 16892

There has been serious and continual errors in Datek's quote servers. The last trade price listed in your portfolio's DOES NOT necessarily agree with the last trade listed on the quote server. DATEK has already several times explained that in the NEW system, the stock prices used to calculate the value of your portfolio are now the BID prices, no longer the last trade price. The idea is to tell you the value of your portfolio if you were to immediately liquidate it via market orders. This makes sense. In the old system - which you can still use - I believe they still use the last trade price, but I'm not 100% certain. DATEK has been talking about using new backend software with the old interface for better speed. To add to the confusion, some of the servers use a new (ugly) so-called CLASSIC interface, which really isn't. If this change has a negative effect regarding margin, probably it is something you'll just have to get used to. It's a policy change, not a cheat.

To: Hank who wrote (6741)	2/10/1998 11:41:00 AM
From: Kailash	Respond to of 16892

"Are you sure you want to do this" defaults to "yes" after five seconds! It this anyone else's experience? I just put in an order through orders4, and noticed the following: * the order showed up on island before the confirmation screen even showed up * when I didn't immediately confirm (I wonder what would have happened if I had said "No, cancel the order"), it confirmed on its own!! That is, it took me back to the quote page, saying "your order has been confirmed. No it hasn't! I don't really care this time, and when I tried to argue with Datek support before, it was just frustrating -- they were polite and clueless. But I'd be interested to hear if others are having the same experience. Kailash