Hindsight is 20/20. What if the market rallied five ticks after he placed the order? Would he have gotten the worst price then? It's hard to speculate on the reasoning for the buy but I doubt panic was involved.
You need to be concerned with latency not bandwidth. Try pinging your firm to see what you get. A point to point t1 is the best connection, if trading remotely.
I can't figure out this market anymore. On a day that I thought was gonna be sh*t, we carve out some decent ranges and volume. It just goes to show that anything can happen at anytime.
Are there any safeguards built in to X Trader that will flatten my position (if needed) and cancel resting orders when I lose a connection to the gateway? There must be something other than scrambling for the phone.
Thanks