Nereus
05-31-2005, 05:58 AM
When using a scale out strategy on the dom.... say with 3 targets... are the targets considered "Stop Orders" or "Stop Limit Orders"?
The consideration is inthat regardto the new cancel/mod fee imposed by cme and passed thru to us by IB. A "Stop Limit Order" is native to globex while a "Stop Order" is simulated by IB... which from what i understand will not be subject to the cancel/mod fee.
Here is a link to IB's order types :
http://www.interactivebrokers.com/cgi-pub/exchange_display_web.pl?einfo=usCME2&file=GLOBEX.h tml
Clarification would be greatly appreciated.
Thanks
The consideration is inthat regardto the new cancel/mod fee imposed by cme and passed thru to us by IB. A "Stop Limit Order" is native to globex while a "Stop Order" is simulated by IB... which from what i understand will not be subject to the cancel/mod fee.
Here is a link to IB's order types :
http://www.interactivebrokers.com/cgi-pub/exchange_display_web.pl?einfo=usCME2&file=GLOBEX.h tml
Clarification would be greatly appreciated.
Thanks