Replies to post #35513 on Profunds index and sector trading (PRO)

[mr_cassandra]

Thanks, let me know what they say. C2 has a feature where an order can be 'parked' until a certain time but I think if all my signals were done that way, it would cause mass confusion. Most subscribers like to get the signal as early as possible because of what time zone they're in.

Its also difficult because if you're holding down a day job, do you really have time to hove over your terminal until 9:35 ?

Many brokers are getting more innovative about conditional trading, maybe they have a solution for you.

[sammy1024]

hi
what do u use to trade? thanks

[mr_cassandra]

Bob, this is reprinted with permission of the poster at holygrailsm group at yahoo. What do you think ?

I had a little discussion with IB this week, and this may be related to
what you are seeing. It turns out they will not execute a market order
until a stock or ETF opens on its "primary" market. In the case of
many (or most) ETFs, this is the Amex.


I had an order in for TWM, and it was actively trading by 9:31 Eastern
(plenty of quotes & trades, and pretty narrow bid-ask spread). But my
order didn't execute, and TWM was going up. I changed it to a limit
order and got it to execute.

After discussion, it turned out that it didn't open on the Amex until
after 9:37, after the price had risen. So NO market or stop orders were
executed by IB (even with SMART routing) until then. Only limit or stop-
limit orders can be executed during that period of "limbo."