Got traded through

Discussion in 'Order Execution' started by Klamath, Nov 6, 2007.

  1. If you put up the time of order entry, destination it went to, and the time and sales, it may help on determining what had happened w/ your order. Otherwise this whole thread doesn't say much on why you got traded thru.
     
    #31     Dec 27, 2007
  2. The ONLY question is: What can you do about it?

    The answer is precisely nothing.

    You will never even be able to get enough information...
    To have a case...
    Let alone the resources to take something to NASD Arbitration.

    Even if you got that far...
    They would just settle with you for $0.40 on the dollar.

    It's always WIN/WIN for your broker.

    If you are a retail trader or small firm...
    ALL YOU CAN DO...
    Is trade stocks where you will get screwed only occasionally...
    And absorb the "slippage".

    You said this happened once in a 1000 trades.
    And you are complaining?

    It's probably actually happened > 100 times...
    But you haven't noticed.
     
    #32     Jan 1, 2008
  3. For those of you that still believe in the Tooth Fairy...
    Please read the last paragraph:

    "But the SEC has also allowed exemptions to the modified trade-through rule--too many, according to Selway. There are already exemptions for derivative trades, benchmark trades, stopped stocks and print protection, he says. "If I have a prediction for NMS, or the trade-through rule," Selway says, "it will continue to be whittled away by exemptions until it's essentially meaningless."

    Repeat... "meaningless".

    http://www.tradersmagazine.com/issues/20_275/100123-1.html
     
    #33     Jan 1, 2008