Why does the system allow a purchase to be executed higher than your limit price? Sep 02, 10:51
Because otherwise there would be no price movement. It hit your limit your price, your trade ticked it up. {nm} Sep 02, 10:54
That's the way the Virtual Specialist works. It's harder to code and more taxing on the system to process that way. Sep 02, 11:15
and would all that work and server slowdon (god forbid) be worth the benefit {nm} Sep 02, 12:45
*slowdown {nm} Sep 02, 13:04
1% trade fee {nm} Sep 02, 10:59
it was executed ABOVE the LIMIT price plus the 1% commission {nm} Sep 02, 11:02
its just like real life, it executes at the next available price. Sep 02, 11:06
in real life, the order would not go through because on a price was above the LIMIT (on a purchase)--definition of LIMIT {nm} Sep 02, 11:07
not if its 'stop limit', once it hits limit it automatically becomes market order = filled at the next available price. {nm} Sep 02, 11:09
So you perhaps paid a tinge more than you hoped. Don't let it ruin your day. {nm} Sep 02, 11:10
agreed; but the trading program needs to be fixed. {nm} Sep 02, 11:11
this was a LIMIT order, emphasis on LIMIT {nm} Sep 02, 11:31
Finally, another voice of reason! Sep 02, 11:48
In real life, there's a real person that takes your trade. HSX uses the Virtual Specialist to simulate the other party. {nm} Sep 02, 11:55
not any longer. its all machines and much as i don't come here to debate it wouldn't execute above the limit. Furthermore>>>>> Sep 02, 12:24
But those machines represent real people/companies. HSX accepts all trades without matching them to another trader. {nm} Sep 02, 13:35
I totally understand theres no 'other side' except the house in here. Thats why i'll never utter a word about execution. {nm} Sep 02, 15:24
I brought this up before here... Sep 02, 12:48
QUASI-LIMIT-ORDERS. Sep 02, 14:06