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Non-Tech : Le coin des francophones
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To: Mr. Forthright who wrote (2013)8/4/1999 8:20:00 PM
From: AriKirA  Read Replies (1) of 77509
 
C'est quoi cette clause cachée là. C'est une joke!!!!!!!!

Implications of Placing Special Terms Order

If you're placing a trade in a highly liquid and heavily traded stock, it may be to your disadvantage to place special terms or "restrictions" on your order. Orders with special terms are also known as restricted orders and are placed in the "terms" market - and these orders are handled manually. Terms orders are given less priority than unrestricted orders, and in some cases, a stock may trade through your price without your "terms" order being filled. This situation may happen because special terms orders have no standing on the exchange floor. So, placing special terms or restrictions on your order will protect you against having only a small portion of your order being filled but on the other hand, it dramatically reduces the probability of your order being filled quickly, or in some cases not at all.
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