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

To: Jon Tara who wrote (9407)	8/7/1998 12:22:00 PM
From: TradeOfTheDay	Respond to of 16892

Is there a secret Island URL ? - I keep getting " cannot link"

To: Jon Tara who wrote (9407)	8/7/1998 12:28:00 PM
From: Jon Tara	Read Replies (1) \| Respond to of 16892

Now there's an order on Island at 12 191/256! Can we place orders like this?

To: Jon Tara who wrote (9407)	8/7/1998 11:42:00 PM
From: nick nelson	Respond to of 16892

Jon, Please make suggestions where not accurate? Datek only allows fractions to 1/32 on Nasdaq stocks.... therefore we can't post to Island in smaller fractions. Other brokerages, not retail Datek accounts, are posting to Island at 1/256 on occasion. I believe these smaller fractions are only seen locally? Any Nasdaq stock to $10.00/share will be reflected world-wide if 1/32 or larger and if best price. Over $10.00... only if best bid/ask to 1/16's. Any bid/asks smaller than 1/32 would be shown ONLY to traders accessing ISLD directly? Island being a ECN is always the LAST out on any market order... all other MM's in the universe get executed BEFORE an ECN? Nasdaq rules? Probably why Datek has a tough time getting market orders executed - Nasdaq is discriminating against ECN's to protect and bias their own turf? ??, nick