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My sympathies, but I learned that limit orders cannot be relied upon for a
fill in any market condition other than one going against you. I use stop
orders and OCO orders and take my lumps on slippage. I have been dabbling in
the e minis lately and got a stop order hit on the button. This is an
advantage of a electronic crossing network - it makes no attempt to put your
money in its pocket.
JFB
Shaven Heads Trading
NYC
-----Original Message-----
From: Snap . [mailto:snapp33@xxxxxxxxxxx]
Sent: Monday, November 15, 1999 12:48 PM
To: omega-list@xxxxxxxxxx
Subject: S&P Fill??
Hello Group,
Wanted to know from experienced folks if the following can occur or not as
its news to me and can dangerously effect ones results if using limit
orders.
I used a limit order that clearly went thru the price by 2 ticks in a slow
paced time at the S&P pit (12:11 EST) and broker says UNABLE!!
If this is true, How can trading systems or methods that are self written or
bought be replicated in real time if the rules of the exchanges allow
vagueness?
I have not heard of errors like this and wanted to see if others have
witnessed this.
Thanks
Steve
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