Why do most of busted fills rip you off?

Discussion in 'Trading' started by NoMoreOptions, May 1, 2003.

  1. Dustin

    Dustin

    Today I had a partially broken trade in my favor in ITW. I bought the thing a dollar over the offer by accident. The other party let half the shares go in a negotiation. Anyone here?

    BTW you can see someone bidding .01 and double the price for 100 shares in many stocks right now (stock777?). Can't believe someone wouldn't contest that.
     
    #21     May 2, 2003
  2. Trajan

    Trajan

    Most of my busted trades were for a loss, that was when I was a MM and the CS was busting. Go figure.
     
    #22     May 2, 2003
  3. sprstpd

    sprstpd

    Yes, afterhours. Each ECN determines what is bustable on a case by case basis. I have had legitimate afterhours trades busted against me even though I said "no bust."
     
    #23     May 2, 2003