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Chris
You are correct. In most execution systems I know, there is an analysis done by the system on
the incoming order before it is moved to the order book. If it is immediately executable, it is
executed without joining the order book, although it impacts the order book by executing against
an existing order on the other side.
Regards
DanG
nchrisc@xxxxxxxxxxxxx wrote:
> Based on my understanding, someone could take your offer (after
> taking the previous offers at the same price, of course)without the
> bid increasing. While I have never used a globex terminal, I believe
> take offer/hit bid are options.
>
> If I entered a market order on my Leoweb, I understand that it is
> converted to a limit order that will be immediately filled, and as
> such would get filled by you if you are the best offer.
>
> Chris
>
>
> To unsubscribe from this group, send an email to:
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