j-trader users

Discussion in 'Trading Software' started by destined, Apr 23, 2003.

  1. GLOBEX allows for stop orders. And the orders sent by J_trader designated STOP sit on GLOBEX servers.

    SO far, I inquired with GHCO and they replied with the above.

    I have always heard triggered STOP orders become market orders.

    ARE you absolutely positive?
     
    #11     Apr 28, 2003
  2. no real stop orders?
     
    #12     Apr 29, 2003
  3. All you have to do is ask your broker or check the CME website. As per IB's Products and Exchange page CME/Globex has native stop limits and offers simulated stop orders. So that answers part of the question, CME definitley offers stop/limit orders that reside on their servers. For the other part, call your broker.
     
    #13     Apr 29, 2003
  4. GHCO and the shadow seem to be wrong ...
     
    #14     Apr 29, 2003
  5. Woody

    Woody

    Globex accepts two order types; limit orders and stop-limit orders. Every other order type is a simulated order. If you want to have a stop order that resides on the Globex servers, you need to use a stop-limit order. Market orders are actually converted to limit orders a certain number of ticks above or below the market before they are sent to Globex. A straight stop order will not reside on Globex servers. When triggered a straight stop order will also be converted to a limit order above or below the market to simulate a market order.
     
    #15     Apr 29, 2003
  6. josbarr

    josbarr

    The order types supported on GLOBEX are:
    These are the order validities
    FOK- Fill or KILL
    FAK- Fill and Kill
    Day/Session-Works order for that trading day only
    Session-Works order for that electronic trading session.
    GTC- Good Til Canceled
    Market-Will go out and try to satisfy the quantity at the best bid/offer to satisfy the quantity and work the balance at that price.
    Additional order types.
    Limit-User defines price
    Stop Limit-Once trigger price is reached on the stop limit the limit portion of the order is entered to satisfy the order.
    MIT- Market If Touched, like the stop on GLOBEX MIT has an associated limit that is entered after the trigger price has traded to satisfy the order.
    OCO- Order cancels order

    Any # order user's computer
     
    #16     Apr 29, 2003
  7. Great ! Please forward to GHCO ! :D
     
    #17     Apr 29, 2003
  8. anyone have experience using MIT orders with j-trader??
     
    #18     Apr 29, 2003