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: Jack Colton who wrote (8791)	6/10/1998 9:05:00 PM
From: LTBH	Read Replies (2) \| Respond to of 16892

I can only guess, but it appears the whole organization sees the customer as just dumb sheep coming to them to be sheared of their money and confusing this goal with properly presenting orders to the market in a timely professional manner would be counterproductive. If you go back about two years in the posts you'll see Datek discussing when they'll offer AON. Well where's the beef, sure ain't at Datek! But then there's many spinoff extra commissions from customers that cancel after getting a partial fill of 30 or 40 shares. Why would they take an order first in line on ISLD, partial fill it for 30 shares THEN place it at the end of the ISLD que for that price and give the next guy a partial for 50 shares etc etc. Interesting approach for generating extra commissions. They know many stocks don't allow a daytrader to wait until tomorrow or the next day for a fill. Networm