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<FONT face=Arial color=#0000ff
size=2>Terry,
<FONT face=Arial color=#0000ff
size=2>
Can
you clarify how you use cancels to force a reliable status
report?
Also,
precisely how do you force the market maker to do something when he is sitting
on your order?
<FONT face=Arial color=#0000ff
size=2>
<FONT face=Arial color=#0000ff
size=2>Thanks
<FONT face=Arial color=#0000ff
size=2>Richard Garvis
<BLOCKQUOTE
>
<FONT face=Tahoma
size=2>-----Original Message-----From: Terry B. Rhodes
[mailto:trhodes3@xxxxxxxxx]Sent: Wednesday, June 11, 2003 8:04
PMTo: realtraders@xxxxxxxxxxxxxxxSubject: [RT] Re:
Option fillsHi Kate,If an option is liquid or
trades on multiple exchanges you can usually get a fill on a limit order
somewhere between bid and ask. In other cases you take what the market
maker wants to give, bid/ask/or offer and wait. Learning what
applies is a matter of experience, though the spread often gives a
good clue as to what to expect.I've experienced cases where the market
maker did not honor the bid/ask. When I used a live broker he would call
the exchange and force a fill, never tried to get IB to do this, if
you succeed please let us know.IB seems slow to report option fills,
though I suspect it is the exchange not them delaying things. But they
have never let me change an order if a fill has occurred. I've used
cancels to force a reliable status report. I've also used this as a way to
force the market maker to do something when he was sitting on my
order.regards,tbr> > Kate,> >
I _hate_ market orders ... rarely use them except for a GET ME OUT NOW>
order. Experiment a bit and see what works for you ... each trading
venue> has its own character.> > Earl> >
----- Original Message ----- > From: "ketayun"
<ketayun@xxxxxxxxxxxxx>> To:
<realtraders@xxxxxxxxxxxxxxx>> Sent: Wednesday, June 11, 2003
11:23 AM> Subject: Re: [RT] Option fills> > >
>>Earl,>>>>Thanks. I will go back to market
orders/smart routing>>>>Kate>>To
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