Attention!

Nereus · 05-31-2005, 04:58 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/cg...le=GLOBEX.html

Clarification would be greatly appreciated.

Thanks

NinjaTrader_Ray · 05-31-2005, 05:13 AM

Limit orders.

Nereus · 05-31-2005, 06:10 AM

OK.. so ... since limit orders are native to the exchange, the cancel/mod fee would apply.

Thanks

NinjaTrader_Ray · 05-31-2005, 07:13 AM

Once that policy is in place, then yes.

05-31-2005, 04:58 AM	#1
Nereus Member Join Date: May 2005 Location: , , Posts: 54 Thanks: 0 Thanked 0 times in 0 posts	imported post 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/cg...le=GLOBEX.html Clarification would be greatly appreciated. Thanks
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05-31-2005, 05:13 AM	#2
NinjaTrader_Ray Administrator Join Date: Nov 2004 Location: Denver, CO, USA Posts: 11,163 Thanks: 6 Thanked 45 times in 32 posts	imported post Limit orders. Ray NinjaTrader Customer Service Use Kinetick, NinjaTrader’s preferred market data service - Learn More Free online training events - View Schedule
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05-31-2005, 06:10 AM	#3
Nereus Member Join Date: May 2005 Location: , , Posts: 54 Thanks: 0 Thanked 0 times in 0 posts	imported post OK.. so ... since limit orders are native to the exchange, the cancel/mod fee would apply. Thanks
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05-31-2005, 07:13 AM	#4
NinjaTrader_Ray Administrator Join Date: Nov 2004 Location: Denver, CO, USA Posts: 11,163 Thanks: 6 Thanked 45 times in 32 posts	imported post Once that policy is in place, then yes. Ray NinjaTrader Customer Service Use Kinetick, NinjaTrader’s preferred market data service - Learn More Free online training events - View Schedule
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