Re: [RT] FUT Order "Unable" or poor transmission?

["Norman Winski" <nwinski@xxxxxxxxxxxxxxx>]

Alberto,
 
 I think the answer to your question lies in 
the effeciency of the order routing system of the firm you are using.  
However, there are exchange rules that govern the maximum allowable time for an 
order to reach the pit once it is accepted or time stamped.  Check the CBOT 
rules concerning timliness of market orders. 
 
Regards,
 
Norman
<BLOCKQUOTE 
>
  ----- Original Message ----- 
  <DIV 
  >From: 
  Alberto 
  Torchio 
  To: <A title=realtraders@xxxxxxxxxxxxxxx 
  href="">realtraders@xxxxxxxxxxxxxxx 
  
  Sent: Thursday, February 13, 2003 1:15 
  PM
  Subject: RE: [RT] FUT Order "Unable" or 
  poor transmission?
  
  <FONT face=Arial color=#0000ff 
  size=2>Steve,
   
  <BLOCKQUOTE 
  >
    For 30 years I've watched people try to squeeze a little 
    extra out of a trade and then miss it for an extra 1/4 or 1/2.
     
    In very liquid markets, like beans, use Market orders. 
    Trying to get an extra $12.50 cost $500; not a good risk/reward.<SPAN 
    class=790461218-13022003><FONT face=Arial 
    color=#0000ff> 
  <FONT face=Arial 
  color=#0000ff>A very expensive tuition that is! Hope I have learnt that 
  lesson...
   
  <FONT face=Arial 
  color=#0000ff>But, back to my original question, how long does it take for the 
  order to reach the floor?
   
  <FONT face=Arial 
  color=#0000ff>AlbertoTo 
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