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Professionals:
I am using tws and have a question about trading; is it possible to cross
the spread and join the offer as a seller on globex?
If I place a buy order above the spread I will get the best offer. A sell
order below the spread will get the best bid, at or better.
It seems to me that placing a sell order of half in a spread of even-half
will require the spread to move to half-even to fill:
mkt 132400 ofr
132375 bid
ord: s 132400 limit
it seems that, in order for this to fill, the market has to move to
132425 ofr
132400 bid
since the limit order is sell price or better I have still not joined the
offer. Is this correct?
132425 |
132400 --|
132375 |--
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crude bar chart
Michael Ferguson
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