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I don't think it has a thing to do with software but the individual market
maker. I place stop orders on the Nasdaq all the time. You place the stop
order and if he accepts it then it's valid.
Robert
At 10:25 PM 10/5/1999 EDT, Sigstroker@xxxxxxx wrote:
>In a message dated 10/5/99 9:01:56 AM Pacific Daylight Time,
>uf@xxxxxxxxxxxxxxxxxxx writes:
>
>>
>> Is there a more focused forum (list) for consumer reports on the various
>> day-trading/active trading broker/datafeed options? I'm looking for
>> something a bit faster but not a lot more expensive than my current
broker
>> where I'm getting execution on a 3 to 10 minute delayed basis. My
broker
>> tells me that Nasdaq does not accept stop orders. Is that generally true
>> or a function of which brokerage you're using?
>
>There are no stops on Nasdaq. Think about how the market works, it's a
>free-for-all, there is nobody to "hold" the stops like on NYSE. If a broker
>offers stops on nasdaq, it's programmed into their trading system, and
nobody
>can "see" into it and see your order.
>
>
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