Can anyone please give me the volume of contracts traded in Jan. QM (F06) yesterday (Wednesday) ? Thx a lot!
Is this really as nutty as it sounds? Or is this just my broker? You can't enter a Market order for the QM or QN? I suppose the work-a-round is to enter a Limit order where the Limit is way above the current price, but what is their point?
Been trading QM since the switchover, no problem entering orders. IMO, why use a market order when limit does the same thing?
The reason is, market orders are "get in now" or "get out now" orders. Limit orders can sit in the market for a long time, until price hits it and you get a fill (or not). Two completely different order types IMHO.
Most platforms I have seen permit you to "Stage" or "Park" an order for future submission. Sort of like loading the gun, what stops you from "Staging" a limit order? What platform is preventing you from QM Market orders?
Sending or staging a Limit order is not the problem. My question was why NYMEX, in their great wisdom, decided not to accept market orders. It isn't my platform preventing a market order, it is NYMEX. I am not aware of any other exchange NOT accepting market orders.