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Gen: Qusetion: When to use FOK orders.


  • To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
  • Subject: Gen: Qusetion: When to use FOK orders.
  • From: Rob Barnes <rbarnes@xxxxxxxxx>
  • Date: Wed, 27 Jan 1999 00:14:07 -0500 (EST)
  • In-reply-to: <199901270004.QAA12739@xxxxxxxxxxxxx>

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Brent,

I agree with  the Doctor's respose but will add several other points.

- FOK as use for stock orders, at least in the markets I trade do mean
any part(board lots only of course).

- some times I may have a limit order in another market (I am a floor
trader myself) and I feel it is being sat on. i.e - the stock is
trading  at my limit but I can't get an answer on whether or not I'm
filled. I request that the trade be cancelled and most of the time,
presto, I get a reply in seconds sometimes that I'm filled. In effect
I'm creating a quasi FOK. Reasons  for the phenom are various but the
results are probably what you're looking for.

Rob:)