RE: [RT] CME Cancellation Fees

["Andrew Nopper" <nopper@xxxxxxxxxx>]

Yes, IB's stops shouldn't be a problem as they're held on their servers. I use stop limits and feel safer doing so as they're native to Globex. I may have to change that.

 

Andrew

 

-----Original Message-----
From: realtraders@xxxxxxxxxxxxxxx [mailto:realtraders@xxxxxxxxxxxxxxx]On Behalf Of Dan Goncharoff
Sent: May 31, 2005 12:56 PM
To: realtraders@xxxxxxxxxxxxxxx
Subject: Re: [RT] CME Cancellation Fees

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

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