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or you know, your wrong:) https://www.nasdaqtrader.com/content/ProductsServices/Trading/OrderTypesG.pdf https://www.nasdaqtrader.com/content/ProductsServices/T
by chollida1 6y ago
or you know, your wrong:)
https://www.nasdaqtrader.com/content/ProductsServices/Trading/OrderTypesG.pdf https://www.nasdaqtrader.com/content/ProductsServices/Tradin...
it is true the the NYSE eliminated GTC orders. That just means you can't use them on NYSE, which doesn't affect my point:)
You'll have to flesh out your point more if you still feel like you have one:)
Given that I've written more than one trading systems for a living, I'm going to take my 20 years of experience over a random internet troll.
- pantaloons 6y agoI work for a large wholesaler and wrote the code that handles client GTC orders for on behalf of pretty much every brokerage in the US. Whatever your experience is, it's no longer correct. NASDAQ stopped accepting GTC orders in 2015, before NYSE. Here is the specific rule relating to adjusting the price of open orders: https://www.finra.org/rules-guidance/rulebooks/finra-rules/5330 https://www.finra.org/rules-guidance/rulebooks/finra-rules/5...