Datek Direct: Take More Control Over Your Orders

Please respond to announcementsDear Tracy Geaccone:
Many investors are now taking a more active role in their strategies
by directing trades to market makers or ECNs (Electronic
Communications Networks). If you are ready to take your trading to a
higher level, use Datek's new direct access trading product, Datek
Direct1 to route your orders:
? Exclusively to The Island ECN
;
? To your choice of any other ECN or market maker;
? To SOES (Small Order Execution Systems); or
? Through the proprietary Auto Routing technology that ordinarily
handles your Datek Online orders.2
Designed for demanding hands-on investors, Datek Direct lets you
trade for an introductory commission of $9.99 per online equity trade
up to 5,000 shares. As an additional level of service, all orders
routed through Datek Direct will first travel to The Island ECN
for
an immediate "price check" that determines whether your desired price
can be matched or improved upon. The average time it takes to
complete this "price check" is 0.2 seconds or less.
SPECIAL LIMITED-TIME OFFER: Enabling Datek Direct in your account
will also give you access to the new Level II quotes on the Streamer

real-time quote system. Sign up now for Datek Direct and we'll waive
the $9.99 monthly fee3 for Level II quotes through February 28, 2001.
Datek Direct further strengthens our reputation as the online
brokerage that is "Built To Trade." Get additional information and activate your account for Datek Direct today .
Your feedback is very important to us. Please send comments with the
subject "Datek Direct" to support@datek.com . You may also contact
Customer Support at 1-800-U2-DATEK.
Sincerely,
John J. Mullin
Datek Online Brokerage Services LLC www.datek.com
1 Datek Direct is a tool, as the name implies, that allows customers
to direct their Nasdaq orders to a specific execution venue. The
name should not be deemed to imply that a customer is dealing
directly with the marketplace. All orders are processed through
Datek Online Brokerage Services LLC, a registered broker/dealer.
Please note that, once you have activated Datek Direct, all of the
other features in your Datek Online account will continue to operate
without change.
2 Datek's 60-second commitment does not apply for orders placed
through Datek Direct unless Auto Routing is selected. This is because
trading rules allow market participants up to three minutes to
respond and execute or return your order.
3 After February 28, 2001, Level II quotes on the Streamer system are
available FREE of exchange fees for non-professional users if you
trade with Datek more than 20 times a month. Trade less and you still
can access Streamer Level II quotes for the modest exchange fee of
$9.99 per month for non-professional users. Prices and availability
are subject to change.
High volumes of trading and volatility may result in executions at
prices significantly away from the price quoted or displayed at the
time of order entry.
System response and access times may vary due to market conditions,
system performance, and other factors.
This e-mail is just one of the ways that we keep you and other Datek
Online account holders up-to-date about product and service
innovations and beta testing at Datek Online. These communications
may also spotlight special incentives that we hope will motivate you
to consider trying something new at Datek. Please let us know if
you'd prefer that these e-mails not continue. http://datek1.m0.net/m/u/dtk/d.asp?e=tgeacco%40enron.com
? 2001 Datek Online Brokerage Services LLC, Member NASD/SIPC
CC-D88 / #50602