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

To: Rene Madsen who wrote (9818)	9/25/1998 9:53:00 AM
From: Jon Tara	Read Replies (2) \| Respond to of 16892

Rene, I can't imagine daytrading while manually doing margin calculations. And transaction cost IS important! MB Trading, and similar operations, SELL you quotes that you can buy elsewhere, in some cases cheaper. (Although they typically will rebate you the cost of the quotes if you do enough trades - but that is a LOT of trades!) I think you are better-off to use Datek and get your quotes from PC Quote, S&P Comstock, Townsend, etc. You'll be getting the same quotes using the same software and probably from the same data source. What you won't be getting is an integrated order-entry system, but an order-entry system that can't tell me what my margin position is intra-day is useless! These places do also give you the ability to choose your market (MM, specific ECN, etc), which can be a advantage or a curse.