Re: [RT] Globex vs ACE fill algorithm

["Earl Adamy" <eadamy@xxxxxxxxxx>]

Thanks for the info. I had an 9828 OB order already in the pit 
during a 12 minute period beginning 852 where trades repeatedly ticked down 
to my price but went unfilled. Not the first time I've had this happen 
on an order to trade a retracement which is of course always followed by a 
move in my desired trading direction. This time I happened to be also 
watching the ACE feed where I believe I would have been filled on a 
FIFF algorithm based on trades at 28 and would have been guaranteed a fill 
when the best bid ticked down to 27 and best ask to 28.
 
ACE should prove to be a bit more friendly to the small 
trader.
 
Earl 
<BLOCKQUOTE 
style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
  ----- Original Message ----- 
  <DIV 
  style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From: 
  <A href="mailto:I4Lothian@xxxxxxx"; 
  title=I4Lothian@xxxxxxx>I4Lothian@xxxxxxx 
  To: <A 
  href="mailto:realtraders@xxxxxxxxxxx"; 
  title=realtraders@xxxxxxxxxxx>realtraders@xxxxxxxxxxx 
  Sent: Tuesday, November 07, 2000 9:02 
  AM
  Subject: Re: [RT] Globex vs ACE fill 
  algorithm
  A/C/E 
  is first in first out.  Project A used an algorithm weighing the size 
  of the order.  LIFFE also uses an order size algorithm. 
  Regards, John J. Lothian In a message dated 11/07/2000 
  9:45:13 AM Central Standard Time, <A 
  href="mailto:eadamy@xxxxxxxxxx";>eadamy@xxxxxxxxxx writes: 
  <FONT color=#000000 face=Arial lang=0 size=2 
  FAMILY="SANSSERIF">
  <BLOCKQUOTE 
  style="BORDER-LEFT: #0000ff 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px" 
  TYPE="CITE">It's my understanding that Globex uses a first in first filled 
    algorithim at any given price which insures a level playing field for 
    smaller traders. I'm seeing more and more trading in the ACE 
    (electronic) bonds and I'm wondering if they use the same first in first 
    filled algorithm or an algorithm weighted by order size which would 
    favor larger traders? With ACE at the retail level being offered/planned 
    by a number of updated order entry systems, a FIFF algorithm might 
    provide better fills to small traders when price is trading at 
    support/resistance. Earl <FONT 
  color=#000000 face="Times New Roman" lang=0 size=3 
  FAMILY="SERIF">Futures trading involves financial risk, lots of 
  it! To 
  unsubscribe from this group, send an email 
  to:realtraders-unsubscribe@xxxxxxxxxxx






eGroups Sponsor




<img width="468" height="60"
  border="0"
  alt=""
  src="http://adimg.egroups.com/img/9634/0/_/152424/_/973615414/target(invest)468x60.gif">









To unsubscribe from this group, send an email to:
realtraders-unsubscribe@xxxxxxxxxxx