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

To: David Kuspa who wrote (11403)	3/26/1999 7:44:00 PM
From: Esteban	Respond to of 16892

Yes, it's not uncommon with NYSE issues, especially at the close. I think the specialist tries to even everything he can with the closing trade, and if he can throw yours into the batch, he will. It's a good time to try your wish list, within reason. Market orders don't get the same treatment since they are usually executed off the floor, presumably by Datek's third party.

To: David Kuspa who wrote (11403)	3/28/1999 9:56:00 AM
From: norm chin	Read Replies (1) \| Respond to of 16892

"...I had a limit order in to sell FM at $25 9/16, which executed at $25 3/4 right at the closing bell. Nice. Anyone else ever get something like this on a big board stock?" David, I think it's reasonable to assume many others had benefited from better fills from time to time. I, for one, am among those that had repeatedly gotten improved prices (on orders) on both the NYSE and NAS. Datek does have its miserable days but all in all, I have yet to come across any electronic brokerage that comes closed to the overall performance of Datek. Perhaps, it may be due to the fact that they have a savvy IT management, they tend to keep their greed in check and that they are privately owned. Like Sir Francis said, hopefully they don't get swell-headed and start to degrade their system.