DAYTRADING Fundamentals Message Board

Sponsor

To: Apakhabar who wrote (7980)	4/24/2000 9:28:00 AM
From: Sir Francis Drake	Read Replies (1) of 18131

Apkhabar - it is my understanding that Datek Snets orders they can't fill through ISLD. They have no way of knowing what a customer's next trade is going to be, so how can they work around the 5 minute rule? And wouldn't that limit them if they were to look to an ECN for a fill? Plus, SOES is such an iffy proposition, given that you will probably be somewhere behind in line, while a Snet at least keeps you out there. By the way those non-ISLD orders feel (time they take to fill, plus the occassional order flow $ kicked back to you), they seem to be Snet orders. Not that it means much, but when I spoke to Datek reps regarding fills, on numerous occassions, I was always told they Snet orders out. Of course, they could be wrong, but that's what they say. Morgan