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Dennis..........
I do not know about arbitration, but the key was "So the price runs up and I
do a cancell and replace at market . "
Since you did a cxl/rplace you were NOT liable for anything other than the
one order.......
Thus your stance would have been that you should only have been filled on
that order.......
Your situation is the BIG reason why I have not persued electronic trading.
Electronic
trading is in the baby stages with futures. I do not want to experiment
with MY money.
Thankyou for sharing your example.....I know it hurts, but I do appreciate
your letting us know the pitfalls of electronic trading at this time....I
went through similar experiences..... I think you will agree....the losses
from this error more than exceed the extra few dollars that a good discount
phone broker might cost.
Tom Stein
comfut@xxxxxxx
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