expectations_redefined

Datek Online Reports 100,037 Average Daily Trades For April 2001

May 7, 2001 -- Datek Online Reports 100,037 Average Daily Trades For April 2001

Datek Online Brokerage Services LLC, a subsidiary of Datek Online Holdings Corp., announced today that average daily trades in April 2001 increased 19% to 100,037 from 84,019 in March 2001. This compares with 121,673 average daily trades in April of 2000.

Funded customer accounts at the end of April 2001 rose 4% to 805,158 from 771,955 at the end of March 2001 and 60% from 501,999 at the end of April 2000.

Month Ended:

Apr. 30, 2001

Mar. 31, 2001

Apr. 30, 2000

Average trades per day:

 

100,037

 

84,019

 

121,673

Funded accounts at quarter end:

 

805,158

 

771,955

 

501,999

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 brokerage firm to rebate payments that it receives for order flow. Located on the World Wide Web at 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.