Question about order types on CME

Discussion in 'Order Execution' started by snackly, Apr 15, 2009.

  1. Not sure if this would be applicable, but you can place conditional orders on some trading platforms. So you would set up a strategy that when one order gets filled, the other order then goes to the exchange. I don't believe the exchange has that type of orders, however--it would reside locally, but wouldn't be sent to the exchange until the initial order was filled.
     
    #11     Apr 15, 2009
  2. snackly

    snackly

    Ah yeah sorry, I should have been more specific. Futures only. Surely with options they'd have to support that at the exchange otherwise those option strategies wouldn't be possible. In fact I think certain option strategies have their own product codes, not sure about that at CME.

    So with futures only, IB can try to do these things, but can't guarantee it, since someone could move the market before the other part of the order is filled. I guess if it's not offered by the exchange, it's all a bit of a crap shoot.
     
    #12     Apr 15, 2009
  3. TraDaToR

    TraDaToR

    Not sure but as native exchange orders, no for both market and limit.

    Using a software dedicated to spread trading, you can place it with 2 market orders or one limit and the second market when first filled.
     
    #13     Apr 15, 2009
  4. TraDaToR

    TraDaToR

    Sorry , didn't see the answers...

    You can do limit on calendar spreads ( of the same product )
     
    #14     Apr 15, 2009