Datek --> Ameritrade --> Eliminated by Schwab.

Tonight the TD Ameritrade website is being eliminated by Schwab.

Originating out of Datek, the site has survived for 26 years.

Big boo to Schwab.

 

The whale swallows the little fish.

 

I started with Datek around 1998. I have been with ToS since 2004, which was bought out by TDAmeritrade and now Schwab. ToS is not being eliminated by Schwab.

 

Me too... 97 & 98

 

my first online discount stock broker, datek online

 

Same here. They were the best.

 

datek clients class of 1998

 

you still alive in the photo?

 

Scccchwing traders?

 

Datek... That brings back memory from the way back machine... A year ago I was reading Scott Patterson's book 'DarkPools' and Datek was mentioned in more than one of his chapters in that book.

DarkPools is a LOT more about the evolution of analog open outcry trading and the NYSE/NASD exchange strangle hold on the market from 1980s to 2000s then it is about DarkPools... Patterson covers how everything slowly changes.. How Digital trading starts to take over...

DarkPools covers every interesting bit of it... ECNs, DayTrading, the whole 9 yards... How It all begins... and he lays out all the fascinating cast of characters that changed the landscape of trading forever during that time to now.

Good Read...