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Strategies & Market Trends : From the Trading Desk

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To: steve goldman who wrote (3324)6/30/1998 12:45:00 AM
From: pt  Read Replies (1) of 4969
 
With all due respect, Steve, why should it be a problem for electronic
trading? This is exactly the kind of situation where computers should
excel. An either-or order could be entered in the computer, and the
second half of the order would automatically cancel when the first
half executes. Granted there would have to be limits...if someone
placed a stop at 35-3/8 with a limit at 35-5/8, the price could change
too fast for the automatic cancellation to go through.

I am not aware of any e-broker that offers this service, but I think
they should.

Paul
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