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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?


To: booters who wrote (14246)9/23/2001 5:02:49 PM
From: TraderAlan  Read Replies (1) | Respond to of 18137
 
<It is my belief that a huge number of the trades in index futures are market orders>

Wow, that's scary.

Alan



To: booters who wrote (14246)9/23/2001 10:57:34 PM
From: Dan Duchardt  Read Replies (2) | Respond to of 18137
 
Hi booters,

After following the ongoing conversation a bit, I thought it best to come back to this origin to make the observation that it seems to me most likely at least one side of every e'mini trade is a limit order. I don't think there is any mechanism in globex to cross market orders with each other between the spread. If I happen to send a market buy order at the same time someone else sends a market sell order, I believe that my market buy order would be crossed with a standing limit sell order, and the market sell order would be crossed with a standing limit buy order, but I'm not certain of that. If anyone knows otherwise, please say so.

Dan