Datek Online Reports 97,185 Average Daily Trades For First Quarter 2001

Apr 05, 2001, 01:00 ET from Datek Online Brokerage Services LLC

    EDISON, N.J., April 5 /PRNewswire/ -- Datek Online Brokerage Services LLC,
 a subsidiary of Datek Online Holdings Corp., today announced that average
 online trades per day in the first quarter of 2001 were 97,185 versus 106,143
 in the 2000 fourth quarter and 121,261 in the first quarter of 2000.  Funded
 customer accounts at the end of the 2001 first quarter increased 12% to
 771,955 from 692,065 at the end of the fourth quarter of 2000 and 69% from
 456,617 at the end of the first quarter in 2000.  Customer assets held in
 custody at the end of the 2001 first quarter were $9.4 billion compared with
 $10.8 billion at the end of the fourth quarter of 2000 and $15.1 billion at
 the end of the first quarter of 2000. All customer assets are held at
 iClearing LLC, a wholly owned subsidiary of Datek Online Holdings Corp.
     (LOGO:  http://www.newscom.com/cgi-bin/prnh/19991105/DATEKLOGO  )
 
     Quarter Ended:             Mar. 31,2001    Dec. 31,2000  Mar. 31,2000
     Average tradesper day:           97,185         106,143       121,261
     Funded accounts at
       quarter end:                  771,955         692,065       456,617
     Customer assets held
       in custody:              $9.4 billion   $10.8 billion $15.1 billion
     Assets per account:             $12,218         $15,573       $33,123
 
     Month Ended:               Mar. 31,2001    Feb. 28,2001  Mar. 31,2000
     Average trades per day:          85,203          91,541       135,699
     Funded accounts at
       month's end:                  771,955         740,652       456,617
 
     About Datek Online Brokerage Services LLC
     Datek Online Brokerage Services LLC, a subsidiary of Datek Online Holdings
 Corp., is one of the nation's largest online brokerage firms. Committed to
 bringing leading-edge technology and real time information to individual
 investors, Datek Online continues to be an industry innovator. Datek Online
 was the first major online broker to introduce a Web-based direct access*
 trading product, trading in decimals and a continuous 12-hour trading day for
 Nasdaq stocks. Datek Online also was the first major online broker to provide
 a 60-second commitment and free, real-time streaming quotes. In addition,
 Datek Online was the first major online brokerage firm to rebate payments that
 it receives for order flow. Located on the World Wide Web at
 http://www.datek.com, Datek Online was established in 1996 and is
 headquartered in Jersey City, New Jersey.
 
     About Datek Online Holdings Corp.
     Established in 1998, privately held Datek Online Holdings Corp. is one of
 the fastest growing financial services companies in the United States and
 provides direct access to financial services through innovative technology.
 The Company's primary businesses are Datek Online Brokerage Services LLC, a
 pioneer in the online brokerage industry; iClearing LLC, a securities clearing
 operation; and Watcher Technologies LLC, a software development company for
 the financial services industry.
     *All orders are routed through Datek Online Brokerage Services.
 
 

SOURCE Datek Online Brokerage Services LLC
    EDISON, N.J., April 5 /PRNewswire/ -- Datek Online Brokerage Services LLC,
 a subsidiary of Datek Online Holdings Corp., today announced that average
 online trades per day in the first quarter of 2001 were 97,185 versus 106,143
 in the 2000 fourth quarter and 121,261 in the first quarter of 2000.  Funded
 customer accounts at the end of the 2001 first quarter increased 12% to
 771,955 from 692,065 at the end of the fourth quarter of 2000 and 69% from
 456,617 at the end of the first quarter in 2000.  Customer assets held in
 custody at the end of the 2001 first quarter were $9.4 billion compared with
 $10.8 billion at the end of the fourth quarter of 2000 and $15.1 billion at
 the end of the first quarter of 2000. All customer assets are held at
 iClearing LLC, a wholly owned subsidiary of Datek Online Holdings Corp.
     (LOGO:  http://www.newscom.com/cgi-bin/prnh/19991105/DATEKLOGO  )
 
     Quarter Ended:             Mar. 31,2001    Dec. 31,2000  Mar. 31,2000
     Average tradesper day:           97,185         106,143       121,261
     Funded accounts at
       quarter end:                  771,955         692,065       456,617
     Customer assets held
       in custody:              $9.4 billion   $10.8 billion $15.1 billion
     Assets per account:             $12,218         $15,573       $33,123
 
     Month Ended:               Mar. 31,2001    Feb. 28,2001  Mar. 31,2000
     Average trades per day:          85,203          91,541       135,699
     Funded accounts at
       month's end:                  771,955         740,652       456,617
 
     About Datek Online Brokerage Services LLC
     Datek Online Brokerage Services LLC, a subsidiary of Datek Online Holdings
 Corp., is one of the nation's largest online brokerage firms. Committed to
 bringing leading-edge technology and real time information to individual
 investors, Datek Online continues to be an industry innovator. Datek Online
 was the first major online broker to introduce a Web-based direct access*
 trading product, trading in decimals and a continuous 12-hour trading day for
 Nasdaq stocks. Datek Online also was the first major online broker to provide
 a 60-second commitment and free, real-time streaming quotes. In addition,
 Datek Online was the first major online brokerage firm to rebate payments that
 it receives for order flow. Located on the World Wide Web at
 http://www.datek.com, Datek Online was established in 1996 and is
 headquartered in Jersey City, New Jersey.
 
     About Datek Online Holdings Corp.
     Established in 1998, privately held Datek Online Holdings Corp. is one of
 the fastest growing financial services companies in the United States and
 provides direct access to financial services through innovative technology.
 The Company's primary businesses are Datek Online Brokerage Services LLC, a
 pioneer in the online brokerage industry; iClearing LLC, a securities clearing
 operation; and Watcher Technologies LLC, a software development company for
 the financial services industry.
     *All orders are routed through Datek Online Brokerage Services.
 
 SOURCE  Datek Online Brokerage Services LLC