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

To: Tai Jin who wrote (8670)	5/24/1998 1:06:00 PM
From: Risberg	Read Replies (2) \| Respond to of 16892

I also have not had my improved bids represented. From the NASD manual: Market Makers Must Reflect Customer Limit Orders In Quotes In all stocks covered by the SEC Rules, customers are not required to request that their limit orders be displayed in a market maker's quote. All customer orders that are priced better than a market maker's quote or that add size to the market maker's quote at the inside price are required to be displayed, unless an exception applies. Exceptions include: block size orders (e.g., 10,000 shares or $200,000 market value); odd-lots; all-or-none orders; those executed immediately upon receipt, sent to another market maker or a linked ECN; or those requested by the customer not to be displayed. Customers do not have to ask for their limit orders to be displayed -- it is the obligation of the market maker to display the orders, unless instructed otherwise by the customer. Market Makers Must Display Customer Orders The SEC Rules require members to display customer limit orders as soon as possible, within 30 seconds of receipt in normal market conditions. The 30-second rule does not apply at market openings or shortly thereafter, when trading reopens after a trading halt, or when an Initial Public Offering (IPO) first begins trading, but it does apply at all other times. Members are reminded of their obligation to comply with the 30-second time frame.

To: Tai Jin who wrote (8670)	6/1/1998 5:35:00 AM
From: Andrew White	Read Replies (1) \| Respond to of 16892

"This was the situation on Friday. I put in a buy of 500 NEOTW at 4 1/2. The bid at the time was higher. Then there was a downtick to 4 1/2 x 4 5/8. I think some trades executed at 4 1/2. Then there was another downtick to 4 3/8 x 4 1/2. I can understand my order not executing because of non-marketability, but I don't understand how the inside bid could have dropped below my bid. After more trades occurred at 4 1/2, there was an uptick to 4 1/2 x 4 5/8. More trades and more upticks, but my order never executed" -- Tai Jin That is totally unacceptable and absolutely in line for an arbitration if DATEK refuses to compensate you for an execution of 5 1/2 with 500 shares. Ask NASDR to send you an arbitrations package. Andy