Advertisement
YOU ARE HERE: LAT HomeCollectionsInvestments

Market Savvy | SAVVY CONFIDENTIAL / A Briefing for
Investors

Ticker Talk

January 14, 2000|Bloomberg News

Internet broker Datek Online Holdings Corp. said it will rebate any payment for orders it receives as it tries to eliminate potential conflicts of interest with the organizations that execute trades. The payments account for less than 1% of revenue for Iselin, N.J.-based Datek, Chief Executive Ed Nicoll said. Customers will probably see less than $1 for each transaction, he said. Within a month, he added, Datek's order confirmations will tell customers how much of a rebate they would get for the transaction.

Advertisement
Los Angeles Times Articles
|
|
|