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Strategies & Market Trends : From the Trading Desk
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To: Melissa McAuliffe who wrote (2488)2/20/1998 6:38:00 PM
From: Dan Duchardt   of 4969
 
Datek activates stop SELL orders when the bid is equal or below your price and stop BUY orders when the ask is equal or above your price. They allow both market and limit stop orders. You can set the limits however you like, but the trigger is on the bid or ask, not the print. (See Steve's reply.) They do not accept stop orders for NYSE, unless they have made recent changes, but they do for NASDAQ.
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