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CME:Stop Market Order:Change Trigger Price


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  #1 (permalink)
d731
San Jose, Costa Rica
 
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If you send a Stop Market order to the exchange the trigger price has to be higher for a Stop Buy or lower for a Stop Sell otherwise the order gets rejected.
What happens if the Stop order is successfully submitted to the exchange and rest there and you send a change trigger price request for a Stop Buy and this new price is lower or equal to the current market price? Is the exchange only sending a rejection of this change requests and leaves the order like it was (I would assume it) or is the exchange cancelling the whole order?


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  #2 (permalink)
Mozart2112
Minoqua Wi USA
 
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If I understand you correctly, if your Cancel Replace Order was rejected than your Working Order would still be working in that case.


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  #3 (permalink)
d731
San Jose, Costa Rica
 
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Yes thanks


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Last Updated on July 13, 2021


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