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Non-Tech : CyBerX -- Ignore unavailable to you. Want to Upgrade?


To: Redmond Quain who wrote (194)1/8/2000 6:18:00 PM
From: WryBoy  Respond to of 212
 
A limit order is a limit order, not a stop or stop-limit order. You can only count
on getting filled if your price is the best price available and the stock is liquid.
If you place a limit order away from the inside market using Island, for example,
the order will sit in the Island book until either your order is taken by a
counterparty or it is cleared at the end of the day.

All that said, with the 3 minute auto-cancel turned off, you can at least know that
your limit order is still in the book even if you log out and shut down your computer.
Whether or not it gets filled is up to the gods I'm afraid.

WB



To: Redmond Quain who wrote (194)1/13/2000 10:09:00 AM
From: CyBerCorp.com  Read Replies (1) | Respond to of 212
 
By canceling the 3 minute time out the CyBerX limit and market orders will send one final order at the end of it's 90 second run. This order will stay out there all day if you set it to zero or if the ecn/market maker cancels it from their side.

The only MARKET queue in NASDAQ is the SOES market. One should always be aware when trading stocks above the tier level.