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


To: Jon Cave who wrote (10046)11/2/1998 10:09:00 AM
From: WaveSeeker  Read Replies (3) | Respond to of 16892
 
I'll second that - Datek sucks. I just got a cable modem and all of the other sites fly, including SI. Getting to a Datek server is like going over a 2400 baud modem. Here is a summary of the recent problems with Datek:

1. Servers down, slow, or unavailable
2. Market orders take up to 10 minutes to execute (routing problems)
3. Orders are front-run by Broadway day traders
4. Inaccurate quotes, volume figures, and garbled fields

Firms such as Datek love to tell traders about other retail firms and payment for order flow. Believe me, Datek is getting their pound of flesh.

- Mark