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I use stop limit orders. At least for my broker, when I use stop limit
orders, the orders go directly to the Globex system and are held there;
when using stop orders, they stay resident on either my own computer or on
my IB's computer until their price activates them to market orders.
Why would stop limit orders be "inconvienent?" It's one extra click...
Tim Morge
At 02:49 PM 9/26/2001 +0000, you wrote:
>This morning i placed my usual stop loss order on efutures website
>and it was rejected, so i called and found that they now have to be
>placed as stop limit orders which i find inconvenient. Is this
>industry wide or just my broker? Prior to today they had a 5 handle
>limit on "stop orders" . How are some of you dealing with limit
>placement?
>Steve
>
>
>
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