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Tom,
Are you sure stop orders will not be allowed. I always thought that not
allowing stop orders on GLOBEX was just a procedure some companies had and
not mandated by GLOBEX. Through my broker who clears through Vision L.P., I
can leave stop orders for currencies overnight trading on GLOBEX. I know that
for instance Merrill Lynch has a procedure not allowing stop orders on
electronic traded systems like GLOBEX. I never understood the reason for
this. A lot of overseas markets are electronic (London, etc.) and they accept
stop orders, so is NASDAQ.
Can somebody clarify my confusion?
Thomas
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