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Re: "Guaranteed" Fills with Limit Orders at the CBOT?



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In a message dated 98-05-07 22:31:25 EDT, oldfogey@xxxxxxxxxx writes:

>        Payton: That's right.  There's no rule that guarantees you a fill
>  under all circumstances, even during a "non-fast" market.
>  
>  Old presumptions die hard.  Ouch!

My broker basically confirmed that, but checked with the floor and they agreed
to be held at the one tick basis if they had the order 4 to 5 minutes before
it was hit.  Good enough for me.