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Igor: Those trading orders are written in so called easy language. When
the stop price is hit it will fire off a MARKET order. That is assuming you
want to give up control of your trading to a computer that will presumably
send the order even if it is bad tick. At least that is my understanding of
it, perhaps it can be answered by the resident OM rep on the list.
Apparently the only way to place a true GTC order is to the trading desk, it
cannot be placed online in the "normal" way. I assume the same is true when
you want to cancel and replace. Apparently online stop orders must be
entered every day, as a day order, and after 9:30AM.
----- Original Message -----
From: "Igor Kaplun" <ikaplun@xxxxxxxxxxxxxxxx>
To: "F. Collis" <fhc342@xxxxxxxxxxxxx>
Cc: "OMEGA-LIST" <omega-list@xxxxxxxxxx>
Sent: Tuesday, October 09, 2001 8:59 AM
Subject: Re: New TS Platform
> Hello F. Collis
>
> I am glad to talk with the trader who uses TS Platform.
> I thought there is a possibility to program all needed trading
> orders in a such a way that they will go "online" automatically.
> So it is a problem to do that?
>
> Val
>
>
> ----- Original Message -----
> From: "F. Collis" <fhc342@xxxxxxxxxxxxx>
> To: "Omega List" <omega-list@xxxxxxxxxx>
> Sent: Tuesday, October 09, 2001 8:33 AM
> Subject: New TS Platform
>
>
> > I find it bazaar that I am not able to place a GTC stop order with
> the new
> > TS Platform online. I tried to place some stops before the market
> was open
> > and my order was not able to be placed until 9:30. So I called TS
> and the
> > Rep stated I had to put in my stops (online) once the market opened.
> So now
> > each and every morning I have to take the time to put in stops when
> I should
> > be looking for new opportunities. This seems so elementary that I am
> > baffled. Every broker I have had in the past has allowed me to put
> in stops
> > and leave them for the day, month, end of month etc. You would think
> this
> > would be a given. NOT!
> > FC
> >
> >
>
>
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