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waveytrain

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waveytrain

Re: None

Tuesday, 03/31/2015 10:07:48 PM

Tuesday, March 31, 2015 10:07:48 PM

Post# of 249565
OT- Trading Question

I had a limit order to buy 50 shares of something today. No 'All or Nothing' condition. In the last minute of trading, this equity traded 850 shares Below my limit, but my order did not fill. I realize the price was only below my limit for a few seconds.
I always thought that could not happen (at least not legally). Called Fidelity and the guy confirmed these trades. He said they were probably a Market Order, and a Market Order takes precedence over Limit Orders.
Is he telling the truth, or fibbing?

Thanks for any info.

Wavey Train
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