Globex Market Order 5 minute fill????

Discussion in 'Index Futures' started by cclee, Jul 25, 2002.

  1. Yes, but why treat electronic trading different from pit trading ("open outcry") ? It´s ridiculous. There are only historical reasons for all these special risk disclosures ("you know it´s electronic").
     
    #31     Jul 26, 2002
  2. Pabst

    Pabst

    Who's holding a gun to your head to trade electronically. For everything that's on the screen there is a pit traded version. Pick up a phone and wait ten minutes for your fill. What are firms supposed to do. Make good every costumer who says, "If I could have, I would have gotten out." What about the aftermath of 9/11 when trading was shut down almost a week because of the physical plant at the NYSE and AMEX. I had call options that expired worthless the next week, but I never beefed that I was losing a weeks worth of time decay because if these exchanges were all electronic up in Fargo they would still be open.
     
    #32     Jul 27, 2002