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Strategies & Market Trends : Trading For A Living -- Ignore unavailable to you. Want to Upgrade?

To: R Stevens who wrote (503)	6/24/1998 5:27:00 PM
From: jawd	Read Replies (2) \| Respond to of 1729

Carefully read the back of your Datek confirmations. "We acted as principle, either buying from you or selling to you. We may have earned a profit on this transaction" Big difference between acting as principle and acting as agent IMHO.

To: R Stevens who wrote (503)	6/24/1998 9:04:00 PM
From: Eric P	Read Replies (1) \| Respond to of 1729

R. Stevens: Perhaps I'm being paranoid here, but... I noticed that they said that "Datek Online does not make a market in any stock and does not trade for its own account..." This does not clarify to me whether I am being screwed by using the Island ECN. Maybe you could ask them whether the owners / operators of the Island ECN make a market or trade for their account. Another question might be whether "anyone using the Island ECN gets preferential executions over any other user of the Island ECN." I recognize that Datek is involved with the Island system, but I don't know if "Datek Online" would be the name of the group, if any, who might be getting preferential access to the Island ECN executions. In short, I am still concerned that I am getting screwed using the Island. I have heard this possibility from too many places to not be worried. By the way, I posted a direct question about this to Jeffrey Citron on the "Island ECN" thread and have gotten no response. Let us know if you hear anything else. Thanks, -Eric