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Datek is not a level II firm at all. MB Trading would be an example of a
Level II broker, the differences being as follows :-
1. A direct connection into their servers, as opposed to a browser based
order entry system like Datek. (speed)
2. Level II quotes. (i.e. depth of the market at the Bid & Ask)
Datek do however own the Island ECN, which essentially allows you to buy at
the Bid or sell at the Offer.
Regards
Trevor De Vries
> -----Original Message-----
> From: Don Roos [SMTP:roos@xxxxxxxxxxxxxxx]
> Sent: Thursday, May 20, 1999 7:32 AM
> To: RealTraders Discussion Group
> Subject: Re: GEN: Fast trade execution
>
> There isn't any. 4 seconds is very good for an online broker. If you
> want
> faster than that, try going to a Level II firm. You will not get much
> faster
> than 4 seconds, ok 2 seconds.>>
>
> I was under the understanding that most of one's trades through Datec
> were done via the Level II system. What are the names of the Level II
> firms?
>
> Don
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