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


To: gbh who wrote (11301)3/20/1999 12:45:00 AM
From: Ken Katz  Read Replies (1) | Respond to of 16892
 
Gary, thanks a lot for your message -- it was a real eye-opener on Datek order routing. Can you advise where to get more information on that?



To: gbh who wrote (11301)3/20/1999 2:02:00 PM
From: Tai Jin  Read Replies (1) | Respond to of 16892
 
The one thing I wish Datek would do is if you put in a sell order below the market and there is an ISLD bid at or above your order then it should take out the best ISLD bid rather than going to the market. I know they're trying to get you the best price, but sometimes the delays in using SNET leaves you holding the position as the market falls below your limit. With a direct order entry broker, you can hit any ISLD bid/ask no matter where they are. This allows you to quickly get out of a position.

...tai