Brokers that will fill on the LULD price? (When a stock is about to halt)

Discussion in 'Trading' started by benk0913, Oct 15, 2024.

  1. benk0913

    benk0913

    Hi, I've been using CMEG as broker for a while, I am profitable for 7 months and my entire strat is to trade halt-ups, I enter in the last moment (13 second ) and bail at resumption.

    I know most brokers won't allow filling orders on the LULD price (Tried Cobra / IBKR ) and CMEG managed to fill me EVERY TIME (I assume it has to do with it routing to a unique market maker / being an off shores broker?)

    However, In the past few trading days, it joined the list of lame brokers, no longer allowing me to perform my strat.

    Do any of you know of a broker that fills on the LULD price?

    (Or the reason why some do / some don't / what makes the difference?)

    Thanks <3
     
  2. SunTrader

    SunTrader

    Missed out on DJT this aft.

    Might of been a good thing long only "trader".

    But to answer your (odd) question, no.
     
    maxinger likes this.
  3. maxinger

    maxinger

    Strange new Nick odd trader asking an odd question.
     
  4. qlai

    qlai

    “When the market price hits those levels, the stock is first put in a “limit state,” where additional momentum is paused, but new reversion orders can bring the stock price back within the bands. However, if the limit state persists for 15 seconds, the stock is halted for 5 minutes and reopened with an auction.”

    Are your orders “reversion” ones?
     
  5. benk0913

    benk0913

    Nope
     
  6. qlai

    qlai

    Then I assume that brokers were not implementing the rules properly and had to fix their code to comply. So the answer to your question is that whatever broker does not reject your order could be in trouble with SEC and will sooner or later fix it.
     
  7. simul8or

    simul8or

    Is this Ben from Zendoo? :) using Schwab/TOS you can see it on the ladder (beware false halts look the same) and be quick on the action buttons, you can usually get filled.
     
    benk0913 likes this.
  8. benk0913

    benk0913

    Yeah brotha! I know about this, just considering brokers that might be aggressive with their fills. Does anybody here use Lightspeed by chance and can recommend?