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


To: Morpher who wrote (10025)10/27/1998 8:37:00 PM
From: GT  Read Replies (1) | Respond to of 16892
 
Was Datek incredibly slow today for anyone else besides me ???



To: Morpher who wrote (10025)10/29/1998 4:03:00 PM
From: Morpher  Read Replies (2) | Respond to of 16892
 
Online brokers market share in 3Q (Datek losing daytraders?):

biz.yahoo.com

...
Datek demonstrated the strongest account growth of the top 10 online brokers by expanding its
base over 30 percent from the June quarter, though average trades per account declined 19 percent;
...

--------------------- ----------------- --------------- --------------
Firm Trades/Day Market Share %Change
--------------------- ----------------- --------------- --------------
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Schwab 76,608 29.1% 16.1%
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E*Trade 27,450 10.4% 6.3%
--------------------- ----------------- --------------- --------------
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Fidelity 28,428 10.8% 19.0%
--------------------- ----------------- --------------- --------------
--------------------- ----------------- --------------- --------------
Waterhouse 26,500 10.0% 29.9%
--------------------- ----------------- --------------- --------------
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Datek 21,272 8.1% 11.5%
--------------------- ----------------- --------------- --------------
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Ameritrade 18,246 6.9% 18.4%
--------------------- ----------------- --------------- --------------
--------------------- ----------------- --------------- --------------
Quick & Reilly 11,281 4.3% 3.0%
--------------------- ----------------- --------------- --------------
--------------------- ----------------- --------------- --------------
DLJ Direct 11,234 4.3% 5.0%
--------------------- ----------------- --------------- --------------
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Discover 9,400 3.6% 6.1%
--------------------- ----------------- --------------- --------------
--------------------- ----------------- --------------- --------------
Suretrade 6,900 2.6% 2.2%
--------------------- ----------------- --------------- --------------
--------------------- ----------------- --------------- --------------
Others 26,369 10% 12.6%
--------------------- ----------------- --------------- --------------
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--------------------- ----------------- --------------- --------------
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TOTAL 263,688 14.0%
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