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For people who use on-line brokers over the internet, who may not be
interested in scalping for an 1/8. or 1/4, but would like to have fast and
reliable execution with a low ticket charge, I recommend using Datek Online.
They started out as one of the biggest SOES firms around. I believe they
own the Island, which is one of the more active ECNs. ECN stands for Electronic
communication network. An ECN allows market makers' and customers' bids and
offers to be displayed on the national systems to others who can fill these
orders.
As someone who has done SOES trading and used variety of discount
brokers over the internet, I am quite satisfied with Datek's
executions,especially during fast market conditions.
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