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Dennis
Yes this was in the eminis. I checked with my broker and he tells me that they use the FIX API and the way stops work for globex is they are sitting in a globex order management computer and when the stop is hit it is sent in as a limit with 20 points above or below your price.
----- Original Message -----
From: "DH" <catapult@xxxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxx>
Sent: Thursday, January 04, 2001 1:09 PM
Subject: Re: [Fwd: Re:[RT] Market - OEX astro]
| > Yes I had a buy stop at 1298.50 that was filled @ 1314.00. I am using Best
| > Direct.
|
| Richard,
|
| Was that in the minis? If so, Ira's comments about floor brokers don't
| apply. Does Best Direct enter mini stop orders into the Globex system or
| do they hold them internally like IB? This seems like a clear case
| where, as Earl pointed out, the IB way of doing things would put you at
| a serious disadvantage. Globex orders are first-in-first-out.
|
| --
| Dennis
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