The Traderszone Network

Published in TZ Latest News 23 February, 2017 by The TZ Newswire Staff

How are my orders getting jumped in the queue at a given Limit price?

Here’s what I don’t understand:

  • I submitted a Smart-routed Limit order at to Sell 2,000 XYZ at $4.55 (with the spread at 4.50/4.55)
  • A lot of trades were going through at 4.55 but my order was unfilled, which I figured was because my 4.55 was “behind” other orders also at 4.55
  • After about 30 mins, I got a PARTIAL fill of 100 (which I took as an indication that my 2,000 x $4.55 order was finally “at the front of the line” of any other 4.55’s, right?)
  • HOWEVER, a lot of…

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