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

To: Jon Tara who wrote (9836)	9/25/1998 11:45:00 PM
From: gbh	Read Replies (1) \| Respond to of 16892

Jon, have you compared the Streamer quote to your pay quote service? I know you don't get all the tools with Streamer, but its quotes are 1-2 seconds ahead of NAQ (my pay quote service). Gary

To: Jon Tara who wrote (9836)	9/26/1998 6:41:00 AM
From: Rene Madsen	Respond to of 16892

Ok, I know the commissions are more expensive, but you do get much better confirms, fills and cancels. For daytrading, which I have been peddling in now for a few months, this is important. I have often been waiting for Datek to confirm a buy/sale, just to see the price move out of my bid/ask range - then tried to cancel and waited for ages for the cancel to be confirmed. Meanwhile price again turns and now the cancel comes back as "unable to cancel, filled". As I said, it's all down to what you want to do with it. I truly believe that if the above matches your profile Datek is not for you. Having said that, I must say that I now realize, that on balance I'm better off position trading. For that the quick fills/cancels become of much less importance and instead the stop system and cheap commissions are a priority - thus Datek wins. MBT uses RT3 as well. I was disappointed about the many bugs though. Granted, they were not terminal, but still annoying. I.e. Fonts you set to one size, save the settings, then next time you use that particular window the fonts have been reset, stuff like that. I'm not being paid for debugging their software, so I won't sit down and make a formal list of all the small bugs I found, but suffice to say that they were abundant enough to be a major annoyance to me. Then again, it may not be to you - we're all different right?