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

To: Morpher who wrote (9224)7/22/1998 12:27:00 AM
From: INFO_DART  Read Replies (1) | Respond to of 16892
 
Fantastic! Island gets paid 2.5› per share ($2.50 per 1000 shares) on orders that take out liquidity (execute against your order already on the book).

Actually, at $0.025 per share, that would be $25.00 per thousand share order. So, are you saying that I'm really paying Datek/Island $9.95 + $25.00 = $34.95 on my 1000 share order?

Also, could you further explain, "execute against your order already on the book?"

Morpher, thank you.


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