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I'm currently dealing with a problem I have never dealt before regarding electronic
trading with Rosenthal Collins/Timberhill EFutures software.
Today I put an S&P Limit order, price ticked through my limit and I got an electronic
fill confirmation on my screen, showing my ticket number and the fill price.
About 3 minutes later, I exited at the market for a profit. Immediately after
sending my market order, I received an electronic message from Rosenthal Collins
saying "The broker rescinded my entry fill".
Unfortunately my exit order was executed at the market, and instead of being
flat, I was now in a long position, and by the time I exited the long position
(after inquiring about the message) a winning trade turned into a sizable looser.
I am a little puzzled. How can Rosenthal Collins/Timberhill rescind a fill about
3 minutes after it is filled?
Has anyone dealt with such a situation? Any advice will be appreciated.
I will post as to how Rosenthal Collins/Timberhill will resolve this situation.
Please email to me directly at bicer@xxxxxxx , as well as posting to the list.
Thank you,
Jack Bicer
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