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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 (12320)	5/31/1999 9:51:00 PM
From: William D. Tanner	Read Replies (1) \| Respond to of 16892

This guy is a day trader who sells the watcher system. As far as I know he is not connected to Datek, he just uses Island. Bill,

To: Sir Francis Drake who wrote (12320)	6/1/1999 7:13:00 PM
From: nick nelson	Respond to of 16892

Good thing Datek NOW has "Deep Pockets?? NYSE in Talks With Three ECNs About Nasdaq Shares, People Say Bloomberg News June 1, 1999, 3:25 p.m. PT NYSE in Talks With Three ECNs About Nasdaq Shares, People Say New York, June 1 (Bloomberg) -- The New York Stock Exchange is talking with three private trading systems about creating its own network for trading the most active Nasdaq Stock Market shares, people familiar with the situation said. Richard Grasso, the NYSE's chairman and chief executive, is expected to discuss the proposed system with exchange directors on Thursday, the exchange's last regularly scheduled meeting before September, these people said. Those briefed on the Big Board's plans, dubbed 'Nysenet,' said the exchange is talking with Brass Utility LLC -- nicknamed Brut, Strike Technologies LLC and the Redibook system, about setting up a new network in which the NYSE would be a partner. All three companies are owned in part by the NYSE's largest members. ''This is interesting and intriguing to me,'' said Arthur Pacheco, president and chief executive of Strike Technologies LLC, who added an NYSE-sponsored ECN could make for more orderly trading of Nasdaq shares. An NYSE-sponsored trading system would lower trading costs and provide institutional investors greater access to the Nasdaq market, Grasso said in an interview in April. Such a system would also allow the NYSE to gain business at the expense of rival Nasdaq. Currently, Nasdaq market makers can trade NYSE stocks but the Big Board doesn't trade Nasdaq issues. An NYSE spokesman declined to comment, as did representatives of Spear Leeds and Brass Utility. A spokesman for Reuters Group Plc's Instinet Corp. said the largest private trading network remains in discussions with the Nasdaq and the NYSE about alliances but declined to comment further. Strike's investors include Citigroup's Salomon Smith Barney and Bear Stearns Cos., while Goldman Sachs Group and Merrill Lynch & Co. are among Brut's owners. Redi is operated by Spear Leeds & Kellogg, the Big Board's largest specialist firm. PS: Wonder if all the "pressure" for thr NYSE to offer Nasdaq stocks and extended hours is in direct response to tne Datek "threat!" - I doubt the NYSE is worried about NASD. n

To: Sir Francis Drake who wrote (12320)	6/1/1999 7:49:00 PM
From: George K.	Read Replies (2) \| Respond to of 16892

Sir Francis, If your (to be) surgeon, attorney, investment advisor, counselor or tutor for your child, caregiver for an elderly parent, or spiritual advisor advertised in this fashion - you'd cut them slack? Hire them? If you were a director of a bank - you'd approve a loan to individuals that presented themselves in this fashion? These people aren't selling purple fingernail polish to teenagers so why do they act like it? Sorry, but you aren't in the mainstream on this one and that's coming from someone who isn't either but still has enough sense to see something that's just too far out. I maintain four accounts with this firm that I reached entirely through the internet, a medium that I am still uncomfortable with, and put my hard earned income and retirement funds into. Not much - but a lot to me and you can bet I watch DATEK like a hawk. A fool who posts his wedding pictures at Coney Island and whose associates may send him my trading orders troubles me profoundly. They ought to be presenting themselves in a manner that suggests they are not playing fast and loose with my money which is exactly what they have already admitted they have done on at least one occasion very recently. A cursory look at any post on this board since you started it suggests that this is a troubled company that has only recently started to wake up. The fact is they have not delivered as you suggest in your post to scores of customers who have said so right here on this board. Frankly, I find myself more worried about DATEK than some of my investment choices. George K. P.S. Don't think the DATEK/ISLD folks don't read these posts. I'll bet they're horrified that someone would bring attention to this silly internet site. P.P.S. For those of you who don't know what we're arguing about here, the site is www.josh.com.