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

To: Colin Cody who wrote (514)	6/24/1998 9:31:00 PM
From: jawd	Respond to of 1729

I really doubt you quoted that correctly. If that's on THE BACK of the confirm, then that would mean EVERY trade they acted as principle. That is not realistic! Yeah, I musta made a mistake... duh?

To: Colin Cody who wrote (514)	6/24/1998 9:40:00 PM
From: Len	Read Replies (2) \| Respond to of 1729

Colin, that quote is listed as applicable if a certain code is next to your transaction on the confirmation page. And virtually all transactions have that code annotated to the trade. And it makes a whole lot of difference, since, as most firms do, if they sell their order flow to other firms, then you end up NOT getting a fair price. This is what Datek promotes as being their best benefit, and that's why some question why trades are still showing up this way. Island was supposed to get their broker/dealer number in October 1997, so it seems curious that this still goes on.