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Visavis wrote:
>
> ReatTraders / Tom Alexander:
>
> Its not a Hello anymore!
>
> I got some BIG problem in the fill of my eMINI S&P500 today. I am short of
> the Emini yesterday, then at around 9:00 CST today (after 30 minutes of
> NYSE opening) I called my broker and ask for the bid/ask price, because I
> found some problems with the internet live quote of the CME Emini Globex,
> then the broker said the bid/ask is at around 860/861. I immediately hit
> the market with a buy # of EMini at the market and wait on the line for the
> fill, after some minutes my broker said I had to tried to call after 10
> minutes because the pit is too busy for the fill report. Then I call back
> 4 times one after 30, 60 minutes and 2 and 3 hours but cannot get my fill
> till 2:30 pm CST and got a report of fill for 903.75.
>
> Such an awful fill difference from 861 to 903.75. Is this valid?
>
> I ask the broker about this and said that I got a bad order and rejected
> right away from the electronic trade placing system because the price run
> away from me which if in market order when the current last executed price
> differs for one whole point or $1 (4 ticks of a quarter/$12.50) the system
> automatically rejects my order even if its a MARKET ORDER. is this
> correct? or stated in the EMini information material of CME?
>
> My order was executed at 903.75 because its automatically done by the
> broker because of today's volatility the margin was increased from $2100 to
> $6000 per contract to keep up with my account equity.
>
> Any comment? please...
NW: All I can tell you is that I entered an order to buy 1 ESZ at 9:55
AM, EST, at 854.00 and I was filled. I then entered an order to sell 1
ESZ at approximately 10:40 AM EST at 890.00 and I was filled on that
order. The reporting was unusually slow, taking about 20-30 minutes to
get a report.
Fillingly,
Norman
>
> _____________________________________
>
> Warm Regards!
>
> Visavis
> Visavis@xxxxxxx
>
> _____________________________________
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