Interactive Beat.

By Daniel Joelson

Datek's Online Status Climbs

Further strengthening its role in the burgeoning online trading industry, Datek Online Holdings Corp. reported a 60% growth in transaction volume for the fourth quarter of 1998. The Iselin, NJ-based firm reports that total transactions reached 2.2 million for three-month period ending in December, up from 1.3 million during the previous quarter. Additionally, the company acquired 27,000 new customer accounts during the quarter, and customer assets rose $650 million to hit $3.65 billion.

The online brokerage firm has been raising eyebrows on Wall Street for a while, including in the third quarter of 1998 …