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

To: Scott Saunders who wrote (10358)	11/20/1998 1:25:00 PM
From: Fred Puppet	Read Replies (4) \| Respond to of 16892

Who can recommend another online broker? I'd like one that can execute marketable NASDAQ orders between 9:30 and 9:45. Any comments on E-Trade? I have an account at NDB and like them more than Datek, but I'm looking for a third broker. If the third one works out, then I'll close out Datek.

To: Scott Saunders who wrote (10358)	11/22/1998 11:20:00 AM
From: BradC	Read Replies (2) \| Respond to of 16892

<Who (among the masses) is considered the best performing > Scott this is a tough question. I'm not sure there is a simple answer. The brokerage landscape is incredibly diverse and complex. But in general I think the "you get what you pay for" paradigm holds true. The non-browser brokers like MB Trading, RML Trading, AB Watley etc. seem to be worth considering for high speed execution. The downside with them is they require real-time data fees of anywhere up to $300/month to access their systems. (AB Watley does offer cheap Browser access as well $10/trade) A few others of interest I am considering: WebStreet Securities - free Nasdaq if >= 1000 shs && >=$2.00. (sounds good but I won't be expecting any attempt at price improvement from them) Wit Capital, Etrade - Offer access to IPOs. but with some restrictions on early sale. Also Etrade has just come out with a deal for free Level II for active traders. Suretrade, One of the cheapest but not good reports on Customer service. NDB - One of the very few US brokers to consider same day orders on the same side of the market a single trade. (No good for me as they do not allow foreign resident margin accounts) DLJ Direct - Like NDB same day orders on same side are 1 trade (This is not advertised), but after 1000 shares it's $.02/share. And then there are other considerations to complicate things even more like: Do you get your credit from a sale immediately?, Availability of shorts? Options? If so, do they permit spreads or just simple buy/sell? Do they offer mutual funds etc., etc... Hope this helps, good luck and happy trading. Brad