|
PureBytes Links
Trading Reference Links
|
Experience suggests otherwise. One has to type in the order, then send it,
then fill in the super-secret password, then wait while that goes through. 20
minutes to get a market order filled?? I don't recall ever seeing a fill in
less than 30 seconds and most of the time longer than that... if you're doing
it, great, but we never could get it to work that way.
Jim Allen
Sigstroker@xxxxxxx wrote:
> Say what?? Delayed while a computer checks your password? Like for a
> hundredth of a second? Nasdaq limit orders are either instantly filled or
> posted on ISLD, the most liquid ECN there is. Unless they're having system
> problems, it's all accomplished in 5 to 10 seconds.
>
> In a message dated 4/29/99 3:02:27 PM Pacific Daylight Time,
> jallen7@xxxxxxxxxxxxx writes:
>
> > Your orders are routed to their trade desks, not directly to the floor,
> > so they can screw you on the fill, I believe. Every order is delayed
> > while the computer checks your password, which you must enter each
> > order, and status of your account. For active traders this is
> > unacceptable.
> >
> > It's for amateurs, not professional traders.
> >
> > Jim Allen
|