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Strategies & Market Trends : The Final Frontier - Online Remote Trading

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To: Eric P who wrote (7259)5/16/1999 8:30:00 PM
From: Dan Duchardt   of 12617
 
Eric,

I'm going to defer to others for the latest on this because I have not been actively trading for a while. I intend to start again soon. The broker I was with claims that they have overhauled their interface with SuperDOT and that everything now happens in a matter of seconds. I can say that I do not recall having any problems with marketable orders when I was trading unless I was trying for more size than was showing. Then as you might expect, orders would be broken up and the market could move away before being completely filled. That led to some of the problems I mentioned earlier with not getting confirmation on cancellations for several minutes. In virtually every case my confirmation "hung up" I later found that I had been filled, but of course you can never assume that you are.

In most cases, marketable orders were filled in a few seconds to several seconds. In the example I gave earlier on AOL, you might expect some delay in getting confirmation of your fill because of the way the prints are aggregated. I'm not sure if the confirmations are sent before the prints, but I doubt it.

Dan
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