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It's my understanding that anything outside of the differential limit is
rejected. I can't find the differential info on the CME web pages but I'm sure
it's 7^00-8^00 so the buy at 9500^00 (8500^00 away from market) should have been
rejected. Other day I had a sell at 100^00 (intended 1000^00) rejected and it
was only 900^00 away from the market. Looks like another system problem!
Your attempts to cover a short appear to have run afoul of a) order rejected
because of incorrect price entry e.g. 96^00 rather than 1096^00 and b) the fact
that LeoWeb simply stuffs rejected orders into a black hole without notifying
the customer.
Earl
-----Original Message-----
From: hans esser <he96@xxxxxxxxxxxxxx>
To: Neil Harrington <njhprovo@xxxxxxxxxx>; leomgr@xxxxxxxxxxxxx
<leomgr@xxxxxxxxxxxxx>; eadamy@xxxxxxxxxx <eadamy@xxxxxxxxxx>
Cc: omega-list@xxxxxxxxxx <omega-list@xxxxxxxxxx>
Date: Friday, September 04, 1998 7:10 AM
Subject: having FUN with electronic toys ....was RE: More LeoWeb shortcomings
even better example - yesterday I entered
BUY 950000 - meant ofcourse 950.00 (which should be entered as 95000), but
still got 6 digits in mind so typed one 0 too much - GUESS WHAT ??? .... was
that REJECTED ??? NO !!!! filled at MARKET at 979.00 at the time - can
someone explain that ?
<snip>
If you want to use that as example to BUY at 1002 LIMIT with a market at 1000
to limit your MAX slippage to 200 points, you may consider another funtrade I
had with LEO some time ago when CLINTON announced the bombing of
SUDAN, I was short (<g>) 2minis and the market moved higher.
On a 109500-9550 quote I entered a 9600 bid for 2 (trying to buy market but
not to hit into a black hole).....even being online all the time before it took
some
20 seconds to get the order number back and the market was at 9700....so
didnt get any AT ALL - HAHA......
well, so still SHORT, still needed them <g> ..... entered a BUY STOP
9800.....while market was at 9700.....took some seconds (20?) to get the order
number back.....market was at 9900 or so.....Im not getting a fill at all, no
BEEP....hmmmm...????......guessed sth really wrong - BOUGHT MARKET
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