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View Full Version : Targets - Stop Orders or Stop Limit Orders?


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

NinjaTrader_Ray
05-31-2005, 06:13 AM
Limit orders.

Nereus
05-31-2005, 07:10 AM
OK.. so ... since limit orders are native to the exchange, the cancel/mod fee would apply.

Thanks

NinjaTrader_Ray
05-31-2005, 08:13 AM
Once that policy is in place, then yes.