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

To: gbh who wrote (10538)	12/5/1998 11:23:00 AM
From: Mad2	Read Replies (1) \| Respond to of 16892

Gary, I agree that Datek provides good executions after the rush hour as that hsa been my experience. Following this however I'm sticking strictly to limit orders which I use anyway during the day and before open. I would like to have the ability to trade in fast market conditions and get fast execution.

To: gbh who wrote (10538)	12/5/1998 3:07:00 PM
From: henry jakala	Respond to of 16892

b) Datek uses this time to trade against its clients (I hope this isn't the case). wouldnt surprise me any when are those new servers scheduled to come online ??

To: gbh who wrote (10538)	12/5/1998 4:47:00 PM
From: RockyBalboa	Read Replies (1) \| Respond to of 16892

About benefits? I'll tell you what. Earlier this year when Physio-Control (PHYS) was announced to merge (at $27+) I saw the stock rising pre market from their lower price (<20), found that the ask did not adjust quick enough. I entered an order at $24 for a few 100 pieces. Strange enough, Datek filled it, as far a I remember before 9:30 Trade happened on the Jun 29 1998. After that I sold out at 26+. Later on, I found having a short position of the sell size there. A message "broken trade" appeared. I called them up and they told me: "We had to cancel the trade as the price was wrong and the fill was in error." Ah, in the light of our latest experience they, not knowning the news just filled the trade and found out that the screwed themseves. Sure I had to look for cover and as my sale was good timed I could buy back and avoid an eventual loss. That's about the "benefit" of getting an inhouse fill. C.