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

To: jaison who wrote (8091)	4/25/1998 2:33:00 PM
From: Mike	Read Replies (4) \| Respond to of 16892

Schoch, After reading your post I had to respond because I use both Datek and WebStreet. If you are looking for quick executions at the Market price Datek is the broker for you. They give quick cheap executions at the bid and ask. However, I do most of my trading with WebStreet because I consistently get fills between the bid and ask. I always use limit order and I am never disappointed with the results. Most recently I entered an order to sell my position in a stock and was surprised to find that the my order was filled a full $0.30 above the ask on a quick moving stock. ($0.30 X 2800 shares = $840 additional profit above my limit order) Once I was even filled at two dollars below the bid on another limit buy order (again a heavily traded fast moving stock). Needless to say this saved me thousands of dollars. The reason you don't get these kinds fills at datek is because they would rather keep the additional money for themselves than have happy customers who continue to generate commissions. You might say they can't see the forest because the trees are always getting in the way. Also, you will never see anyone at datek address this here. Although WebStreet charges $4.96 more per trade, you will save thousands in good fills with WebStreet. Mike