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

To: doniam who wrote (9511)8/17/1998 11:44:00 AM
From: surfinSteve  Read Replies (3) | Respond to of 16892
 
I'm considering switching from eSchwab to Datek. What's the story on late fills and other Datek problems?



To: doniam who wrote (9511)8/17/1998 1:25:00 PM
From: INFO_DART  Read Replies (1) | Respond to of 16892
 
"Bucket Shop"--DATEK TRADING SECURITIES for OWN ACCOUNT?

What does it mean when a brokerage firm, TRADING SECURITIES for OWN ACCOUNT, "bucket the order?"

How does the concept, "bucket the order," relate to late fills, orders not getting executed until cancelled and other strange order handling events ?



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