Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Stanley L Brown who wrote (7277)	3/9/1998 1:12:00 AM
From: GR	Respond to of 16892

I know you weren't distrusting of me.It's just that i've been screwed every possible way by every type of broker.I've had orders taken by full service brokers who have sold instead of bought;who never filled them;who filled them 5 minutes later.Of course being filled like that is unacceptable.The only real way to place orders is via an online broker,and for 98% plus datek is the fastest,and most accurate short of soes,which i may get into if the round trip fees go down to datek like numbers. Where datek has to improve to cement their #1 position is imho a)invest in programmers,programmers and more programmers. Get datek up to soses standards-in fact why not phase in a soses option.b)back ups,back ups,and more back ups.This will prevent down time,which has pissed so many people off c)The open and the close of the market have been particularly troublesome recently.Datek MUST improve their ability to accept orders at these crucial times in their typycal lightning fast fashion.I feel they are losing accounts by these early morning and late afternoon jam ups.I would like to give a bouquet for dateks 1 minute or it's free promise on marketattable orders.This is testimony to their 98% plus effeciecy.But again,unless they can improve the opening and closing trading execution time their bottom line will be affected. In fact one of their phone people told me that putting in an order at 2 minutes to the close or later risks not getting filled,as it sometimes takes their servers about 1 minute to separate out the massive influx of orders coming in all at once.(you remember of course the hugh wacking i took on CPQ due to this problem -$1700.00). In sum,i support datek,but am hoping they improve their system to offer more faster trading options,and improve the already quick system they have.They have no real choice but to do so.