SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : SOES Trading
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Michael Friesen who wrote (1204)1/19/1998 4:51:00 PM
From: Jay Morrison  Read Replies (3) of 1618
 
<<Unfortunately, your fills might be 1/8 or 1/4 worse than you would expect.>>

When you place an order, is it a limit order or a market order? For example, let's say the market is 25 1/4 bid and 25 5/16 offered. The volume is looking very strong on the bid side. I place a SOES order to buy 1000 shares at 25 5/16. If the market is about to move (within 30 seconds) to 25 3/8 offered am I possibly going to get a confirmation back that I actually bought at 25 3/8 instead of my intended 25 5/16?

I thought a SOES trader had the ability to control these things and get a true fill. Isn't that the reason the SOES system was put in place in 1985?

Is SOES trading simply placing market orders (then praying that I get the price that is shown on the screen) or am I hitting the bid and offer of a market maker at a specific price? Also, I thought that it was possible thru SOES trading to get filled between the bid and offer of the offical market makers.

Any clarification by traders would be appreciated.

Thanks,
Jay
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News