primary exchanges of shares

Discussion in 'Order Execution' started by prisma, May 6, 2003.

  1. prisma

    prisma

    Hi.

    Yesterday I tried to execute a MOC order on NVS (Novartis). But it wasn't filled although I sent it early enough (20min before close) to NYSE.
    Why ?

    Where do I find the primary exchange of shares and do all shares listed at NYSE also have a MOC-price ?

    Thanks

    pri
     
    #1     May 6, 2003
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  2. DaveN

    DaveN

    Hi pri,

    While there are many variables involved in this, (such as are you using a direct access system, how does your broker deal with your orders, your submission at 3:40:00pm EDT might have just missed the cutoff, etc.), the following two statements will apply: An MOC to sell short isn't guaranteed an execution. A buy or a sell is.
     
    #2     May 6, 2003
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