24+ hr execution??

[drunnels]

Has anyone ever had a market order at the open not execute until the next day?
ADV 40m shares

 

[ajacobson]

Nope - what did your broker say? Sounds like the order was lost - what product/exchange?
Forget ADV - what was the volume that day?

 

[drunnels]

Haven't talked to them yet. It's Schwab. It was Monday, XLF, double volume.

 

[ajacobson]

They may owe you the opening price and they may have done you a favor. Either way, ask them.

 

[Trade Theory]

Or you could ask to bust the trade entirely

 

[drunnels]

Thx guys

 

[drunnels]

UPDATE:
Apparently when you enter a trailing stop at Schwab on the weekend, the trigger price isn't Friday's close, but Monday's open. I asked this question at Fidelity and they say it's Friday, ditto with IB, and those trailing stops executed as they should have. The bozo I talked to at Schwab was flabbergasted that Fidelity and IB would do that. Convince me I'm wrong.