[RT] RE: Fill Price Rules

["Bill Daniel" <bogeybunky@xxxxxxxxxxxxxx>]

I 
finally received a reply from the CME.  Basically they stated they do not 
have a rule specifically regarding being held to trades.  They did 
reference CME Rule 540 "Handling of Customer Orders" and it did provide some 
fairly interesting reading for one who is not that familiar with the workings of 
the CME.  For anyone interested you may view the CME Rulebook at the 
following link:
<SPAN 
class=310160516-18072001> 
<A 
href="http://www.cme.esub.net";>www.cme.esub.net
<SPAN 
class=310160516-18072001> 
<SPAN 
class=310160516-18072001>Bill

  <FONT face=Tahoma 
  size=2>-----Original Message-----From: Bill Daniel 
  [mailto:bogeybunky@xxxxxxxxxxxxxx]Sent: Monday, July 16, 2001 8:02 
  AMTo: REALTRADERSSubject: Fill Price 
  Rules
  I recently entered 
  an order to sell 1 S&P contract at1214.40.  Prices traded as 
  high as 1214.80 several times, but I did not get a fill.
  <SPAN 
  class=280385311-16072001> 
  My broker said 
  that while it was fairly rare not to get a fill in this situation, it was 
  possible and they were only liable for fills prices traded at 
  least
  0.5 points through 
  the order price and that were on the halves or whole.  He also stated 
  this was a CME rule.
  <SPAN 
  class=280385311-16072001> 
  I have 2 
  questions.  
  <SPAN 
  class=280385311-16072001> 
  1) Is this a CME 
  rule and, if so, where on the CME website can I read about such 
  rules?
  <SPAN 
  class=280385311-16072001> 
  2) Do all brokers 
  have this rule even if not a CME rule?
  <SPAN 
  class=280385311-16072001> 
  <SPAN 
  class=280385311-16072001>Thanks.
  <SPAN 
  class=280385311-16072001> 
  <SPAN 
  class=280385311-16072001>Bill
  <SPAN 
  class=280385311-16072001> 



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.