Datek Online, one of the earliest online brokerage firms,
suffered intermittent outages today, the company confirmed.
Attempts to log onto Datek's Web site between 11:15 a.m. PT and 11:45 a.m. PT
sporadically brought up a message that read: "Sorry, the page you tried to
access is unavailable"
"The problem is being investigated but we did have some network problems,"
said Datek spokesman Michael Dunn. "It was limited but unfortunately we did
have some difficulty today."
Customers unable to access the site were able to access the Iselin, N.J.-based
trading company's brokers using its telephone service, the company said.
Even as online brokers add servers and capacity, trading sites are seeing
their systems more frequently stressed, as people increasingly turn
to online investing. Equity analysts recently noted a record
number of accounts are being opened at Internet trading firms.
Earlier this month, DLJ Direct and Charles Schwab, both suffered
downtime--with DLJ knocked out for two days in a row and Schwab twice during the month. In
February, E*Trade and Datek both were victims of denial of service
In the early days of online trading, brokerage sites were more likely to go
down on days that the markets fell sharply, as people logged on in droves to
sell their positions.