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Strategies & Market Trends : The Final Frontier - Online Remote Trading
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To: belker who wrote (1145)11/28/1997 11:13:00 AM
From: TFF  Read Replies (3) of 12617
 
Robert: from Watley re: no stop loss orders on NASDAQ:

We are very aware this deficiency is a frustrating ommission from our
services and are certainly working on the software to add this ability.
The reason we do not at the moment is simply that the Nasdaq electronic
execution systems do not recognise stop orders. We need to have in place
a proprietary system that will catch orders of this nature, and trigger
their execution when the stops are hit.(Not a small project!)

As previously stated we are definitely working on this as well as many
other enhancement projects. It is a constant task to stay on top of the
highest level of technology so that we can provide our customers with
the best system available.

Sincerely,
Client Services
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