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

To: margin_man who wrote (192)10/29/1997 11:14:00 PM
From: DRL  Read Replies (1) | Respond to of 2076
 
I had the same experience. Waterhouse told me that even though the order was indicated cancelled, that it is not guarranteed. He said they will be changing the wording on webbroker to indicate that cancelled orders are really cancelled pending. Also, market orders are executed instantly, and therefore really cannot be cancelled. I traded at 10:22 am and received confirmation at 5:17pm.



To: margin_man who wrote (192)10/30/1997 10:10:00 AM
From: Julian Chen  Read Replies (2) | Respond to of 2076
 
This is exactly my point:

(1)If it got executed in a few seconds it should not take them a full
market day to report.
(2)Web Broker should not display the open order is canceled.
(3)If market order is not cancelable, Web Broker should not even
allow user to do so.

Julian


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