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

To: Len who wrote (9189)	7/20/1998 9:50:00 PM
From: nick nelson	Read Replies (1) \| Respond to of 16892

Len, Starting today, aren't MM's off-the-hook filling SOES orders... they can trade 100 shares only - not the before required >= 1000? How will this affect our trades thru ISLD? Now if they could just execute Nasdaq market orders correctly! I had a BC 500 at 55 stop market, market at 54-54 5/8, quick run-up for pick-off, back down to 54 1/8-5/8 - triggered but no execution. Two minutes later 200 BC @ 54 5/8, stock goes back to 55 - the rest of the BC covers. Datek pockets the 3/8 on 300 shares - but sweet guys that they are - wave the $9.99(market order over 10secs) - live market order for 3-4 minutes while 6 other orders go thru at 54 1/8 x 54 11/16. They just can not handle STOP market orders properly... if your order doesn't make it to their Island book... they throw you to the wolves.<ggg> IMO, nick

To: Len who wrote (9189)	7/20/1998 10:59:00 PM
From: gbh	Read Replies (1) \| Respond to of 16892

Len, here is log of my last 10-15 trades from Wed to Fri of last week. I did not trade today. Sell 200 MSFT, 4:31, free trade, executed higher than bid at time of trade. Buy 200 MSFT, 0:01 Buy 100 DELL, 0:04 Buy 300 DELL, 0:04 Sell 300 DELL, 0:01 Sell 200 DELL, 4:35, free trade, plus 5 free trades to cover loss. Sell 400 ASND 0:03 Buy 200 DELL 0:05 Buy 400 ASND 0:02 Buy 200 DELL 0:01 Sell 200 CSCO 0:06 Buy 200 CSCO 0:06 Sell 400 ASND 0:05 Bought 400 ASND 5:39, free trade, plus 5 free trades to cover loss. All orders were market orders. most buys between 9:45-10:30, most sells between 12:00-3:30. Last free trade prior to these was 7/9. And prior to this was 6/24. I generally don't have problems with them "making good" on poorly executed trades. But I must admit, the most I've ever lost was $100 (1/4 point on a 400 share trade). I generally call any time a trade takes greater than 1 minute. Also, their markets orders are either very fast, or very slow, there's not much in between.