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In a message dated 2/28/01 2:27:58 PM Central Standard Time,
catapult@xxxxxxxxxxxxxxxxxx writes:
<< Why don't the platforms forward those orders to a clerk? Swing traders
don't always have time to stare at the screen all day waiting for the
limit to be lowered. They would like to place their order and let the
broker worry about getting it done.
>>
***** I would think that type of pre-execution routing would take some speed
away from the execution relative to the number of times it would occur. I am
guessing that this is not a good tradeoff.
***** There are lots things we would like trading systems to do. However,
each time we add something it slows down the execution or fill reporting
speed. Something to consider.
Now maybe we need an alternate route to pre-select before sending the order
in. Route it to a printer on the trading desk for special handling. I am
not sure it would be worth the risk to the brokerages though.
Regards,
John J. Lothian
Disclosure: Futures trading involves financial risk, lots of it!
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