Message-ID: <7591619.1075859051160.JavaMail.evans@thyme> Date: Tue, 6 Feb 2001 12:01:00 -0800 (PST) From: announcements@datek.m0.net To: tgeacco@enron.com Subject: Datek Direct: Take More Control Over Your Orders Mime-Version: 1.0 Content-Type: text/plain; charset=ANSI_X3.4-1968 Content-Transfer-Encoding: 7bit X-From: Datek Online X-To: tgeacco X-cc: X-bcc: X-Folder: \TGEACCO (Non-Privileged)\Geaccone, Tracy\DATEK X-Origin: Geaccone-T X-FileName: TGEACCO (Non-Privileged).pst 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