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No ... the order goes unable and dies. As debated here previously, my view
of the intent of the cancellation fee is to make it more expensive for
anyone to adjust limit orders so as to compete with the market makers ...
clearly anti-competitive but that's of little concern to regulators unless
it's "their guys" who are getting hurt.
Earl
----- Original Message -----
From: "ketayun" <ketayun@xxxxxxxxxxxxx>
To: "realtraders" <realtraders@xxxxxxxxxxxxxxx>
Sent: Thursday, June 12, 2003 8:34 AM
Subject: [RT] options-cancellation charges
> Hi,
>
> If you cancel/change price with IBD, you are subject to cancellation
> charges. Question is, if you place a limit order which does not execute
> during the day, are you still subject to cancellation or ?
>
> Thanks,
>
> Kate
>
>
>
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