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

To: somethingwicked who wrote (9717)	9/17/1998 8:29:00 AM
From: dpl	Read Replies (1) \| Respond to of 16892

Joe,may I ask two questions? 1.Is this web trading or do they have their own software? 2.How fast is it to get a short order in? David

To: somethingwicked who wrote (9717)	9/17/1998 6:29:00 PM
From: Esteban	Respond to of 16892

The ask was 60 3/16 with bid at 60, I got 60 1/16 with my order at 60 1/8. Good fill, thanks for the clarification. Glad to hear that the confirmation screen is optional. 3% on cash balances is low. I guess this is offset by the low margin rates. Here's an interesting observation in regard to price improvement on NYSE at Datek. If I place a market order the fill is very fast but always at the bid or ask. Yet a marketable limit order receives price improvement as much as 1/3 (estimate) of the time. I'm guessing that the order routing is different for market orders even in the case where the limit order is marketable. Could this be the same at Brown, and the reason they only charge $5 for market orders?