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


To: David Winkler who wrote (7244)3/6/1998 12:24:00 PM
From: Jumper  Read Replies (2) | Respond to of 16892
 
Thank you David.

When I asked over the phone I was told that most new traders buy or sell everything at market so this change would be accurate for them. Hard to believe, I have only entered a market order if the spread is 1/16.

You may be right, no new interest charges but a reduced buying power. Wouldn't this be bad for Datek as fewer trades would be made?