pegging?

Discussion in 'Trading' started by ziddey, Jul 31, 2006.

  1. ziddey

    ziddey

    Does anyone know what pegging is? I'm using the DAS Trader platform and if I hold a security to AH and try to sell, I get the error, "no pegging allowed"

    what's this mean? if I can't sell a stock I bought during the day in AH, what can I do AH???
     
  2. ziddey

    ziddey

  3. Surdo

    Surdo

    Pegged to the bid or offer is when you OFFER on the BID or BID to the OFFER. Hence locking the market.

    Some platforms do not realize the actual last sale and use the 4PM close. Your broker may not offer after hour trading. Perhaps call them and ask instead of getting usless responses on here!

    The above Googled definition is not related to equities.
     
  4. cashonly

    cashonly Bright Trading, LLC

    Does anyone here use pegging?