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

To: Sir Francis Drake who wrote (11296)	3/19/1999 8:04:00 PM
From: RockyBalboa	Read Replies (2) \| Respond to of 16892

I may second that. Even on the most heavy trading I get executions "in time" at the beginning of the session. When I screwed a trade it was my fault because I simply misjudged the direction. Especially on the express servers there is no excuse (and no undo) once a limit order which is executable is sent off. Only today on CATP, I needed 46 resp 50 seconds to get an execution on a marketable (by the bid/ask screen) limit order. But it took more time until I received the notification on the executed deal. MSG: Buying 500 shares of CATP at 11 1/16. Tracking#: C-200-AAGE-5984 03/19/1999 09:33:36 Activity: 03/19/1999 09:33:35 09:34:21 Buy 500 CATP 11 1/16 Bought MSG: Executed: Bought 500 CATP at 11 1/16 03/19/1999 09:36:40 MSG: Selling 500 shares of CATP at 12 1/8. Tracking#: C-200-AAGE-7223 03/19/1999 09:44:09 Activity: 03/19/1999 09:44:09 09:44:59 Sell 500 CATP 12 1/8 Sold MSG: Executed: Sold 500 CATP at 12 1/8 03/19/1999 09:46:04 Maybe it has been a matter of the heavy volume, and luck as the respective ask, and bid was "good" most of the time. So I don't want to attribute the delay to Datek. When I found that I want to replace the pending 12 1/8 sell order with a better order as the bid has improved to 3/8 on good volume I found the "cancelling...." hanging there for awhile until the whole order was gone and filled. Sure I can't complain here. But I had the feeling the order is "nailed" down. THat means if the limits was bad, hence may not get a fill, there is lots of market risk to eliminate the old order and get a new one perhaps with more discretion on the price, because of the time it needs to get out of the system. Except that events it is really fast and reliable in terms what I offer gets executed. C.