Re: [RT] CME Cancellation Fees

[Dan Goncharoff <TheGonch@xxxxxxxxxxx>]

Also makes for another difference between exchange stops and broker stops...

Regards
DanG

Andrew Nopper wrote:

Kate just sent a great link to this discussion, buried within which is a link to the CME statement regarding excess messaging.

 

Yes, I'm sure that trailing stops affect this, especially among scalpers who may be adjusting their stops every tick or so. I'm also sure that the abundance of good front-end trading software like NinjaTrader, which make automatic target and trailing stop adjustments, hasn't helped either.

 

Andrew

-----Original Message-----
From: realtraders@xxxxxxxxxxxxxxx [mailto:realtraders@xxxxxxxxxxxxxxx]On Behalf Of EAdamy
Sent: May 31, 2005 12:09 PM
To: realtraders@xxxxxxxxxxxxxxx
Subject: Re: [RT] CME Cancellation Fees

Very interesting, Andrew, thank you. I checked the CME site and find nothing on cancellation fees. Checked IB's CME discussion forum and there is no indication that this is coming from IB and not CME. Can you share any additional information regarding the source of this? While I don't doubt what you say, I'm reluctant to post this information to the IB forum without some firm basis in fact.

 

I wonder if some IB functions such as Trailing Stop are sending cancel/replace messages on each tick to a higher high or lower low.

 

Earl

---

Yahoo! Groups Links

• To visit your group on the web, go to:
  http://groups.yahoo.com/group/realtraders/
   
• To unsubscribe from this group, send an email to:
  realtraders-unsubscribe@xxxxxxxxxxxxxxx
   
• Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service.

No virus found in this outgoing message.
Checked by AVG Anti-Virus.
Version: 7.0.322 / Virus Database: 267.2.0 - Release Date: 5/27/2005