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>I disagree with this. First the delay is virtually negilgable---- a second
>maybe. Two, my experience is synthetic stops held on your own pc get better
>fills then stops held at CME.
Sometimes that delay may cause positive slippage :).... but once in a while,
in very fast (green-speak) markets, synthetic stops
can cost you. Another trader and I had similar stops, mine stop/limit,
his off-CME vanilla stop: no slippage for me, 15 points for him, right after
greenie talked. Remember: first in, first out, is the CME rule.
Then again a stop/limit can cost you a fill altogether (for better or for
worse).
BW
>From: "Joe Duffy" <joeduffy@xxxxxxxxx>
>Reply-To: "Joe Duffy" <joeduffy@xxxxxxxxx>
>To: <omega-list@xxxxxxxxxx>, "Simon Campbell" <simtrader@xxxxxxxxxx>
>Subject: Re: Profit Taking --- Round 2 --- Other Alternatives
>Date: Sun, 18 Nov 2001 19:46:28 -0500
>
>Simon wrote;
>
>By contrast, if you go with a firm that holds your stop orders
>locally on their servers (e.g. IB, PMBe), then the order is only released
>after the stop price is hit i.e. your order gets lowest priority and
>results in a few seconds extra delay. The potential for slippage on such
>systems is much higher than systems that let you hold stops at the CME.
>=========
>
>I disagree with this. First the delay is virtually negilgable---- a second
>maybe. Two, my experience is synthetic stops held on your own pc get better
>fills then stops held at CME. Plus stops held on your own machine are NOT
>visible on a globex terminal. I have the option of going either way, and
>synthetic has worked best.
>
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