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: jawd who wrote (7958)	4/18/1998 4:08:00 PM
From: Morpher	Read Replies (1) \| Respond to of 16892

I really like Island - down to earth people, the biggest ECN on the Nasdaq in terms of volume. Actually, Instinet is easily the biggest ECN.

To: jawd who wrote (7958)	4/18/1998 4:35:00 PM
From: Risberg	Read Replies (1) \| Respond to of 16892

jawd, I think you oversold mb trading. Sure, they'll throw in level two quotes -- if you make 50 trades/month. So if you are blowing $1,000 or more every month on commissions (at $18.95 and up, sometimes way up), then mb trading may be a good alternative. Personally, I don't want to churn thru $12K+ every year in commissions. Unfortunately, all of the great execution trading software systems seem to be offered by pricey brokers who use it as a lure for lots and lots of high-priced commissions. This includes mb trading, cybercorp, and a legion of others, who use real tick, the executioner, and similar execution packages. There is a void in the marketplace for a leading edge trade execution system that is paired with a nimble discount broker, with minimal monthly trading requirements. I am hoping that datek fills that niche. They have announced level two vaporware thus far, and I hope it comes to fruition quickly, along with other trading improvements.