Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Dave Hanson who wrote (11558)	4/9/1999 1:24:00 AM
From: Michael Abramson	Read Replies (1) \| Respond to of 16892

No Dave, marketable order it's buy order for ask or sell for bid. Datek takes responsibility to fill it within one minute and in case it's not executed at least partially they don't charge commissions. Situation like this can occur when Island doesn't have crossing order and it's sent to MM who can avoid filling it for many reasons, at the time order gets back to Island I min can expire but matching order for partial fill can occur, so it gets executed with no charge, and rest can become unmarketable by this time. Michael.