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R/T'ers:
It is good to be back subscribing to this forum after several months
without it.
I want to bring to the attention of other traders (and possibly get
advice as to my options) the situation I had with some E-mini (S&P)
fills. I had a 4-lot buy stop at 1166.50 The market traded 1166.25,
(11)66.50, 66.25, 66.50, 66.25, 66.00, 65.75, 66.00, then on up to 67.50
- I was filled at 67.50
In the pit, I would have gotten no worse than my stop price (normal
market conditions), yet when I inquired about it to my broker (RJ
O'Brien) they asked the CME. The CME supposedly responded "that since
it was such a small amount and the order was filled in less than 3
minutes, there is no responsibility on the exchange's part."
I wonder if this is true? Does anyone have any input?
I am going to file a complaint with the CFTC and NFA just to see if
there is any responsibility on the part of the exchange (I am a member
of the NFA). I realize it will cost probably as much to file the claims
as the slippage is worth and I may be throwing good money after bad, but
I really want to know the answer - unless someone else has been down
that road.
I look forward to any reponses. May you all have a record breaking new
year.
-Jim Hamer
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