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Non-Tech : Brown & Company New "5 and 10 Store"? -- Ignore unavailable to you. Want to Upgrade?

To: Randall Thomas who wrote (248)	11/12/1998 11:46:00 PM
From: Esteban	Read Replies (1) \| Respond to of 1865

Thanks for clarifying the baskets terminology. Datek's problems are separate from this. I suspect their market orders that dont get filled off isld are being sent to a retail market maker (not a big wholesaler) who does not have autocancel. ISLD itself is lighting fast at the open....the datek problems are internal to them, not an ISLD issue. That's the most reasonable speculation about the inability to cancel orders at Datek I've heard so far. But with this scenario, why wouldn't the market orders just fill in the first place like they do with other brokers? If a server is working I never have problems with listed orders disappearing temporarily, but Nasdaq orders occasionally slip into never never land. The auto shut off would explain this, except that it seems to be unique to Datek during the first 20 minutes of the trading day.