Over 2 hours to decide my contested options trade this morning. I was ruled against. AMEX options specialist held my Immediate or Cancel order for over 3 and half minutes - and through a system problem which removed this order from my "Active Orders" display. Then the fill popped up out of nowhere. Their system problem - my liability.
AMEX crime family makes another score
- Thread starter wilburbear
- Start date
Ah yes, I`m very familiar. Last summer(I think) I was trading TASR options and my SMART order got routed to the AMEX. An hour later after I had flipped out for a few points the AMEX busted all option trades in TASR.
The first F`d up part is I covered so instead of being flat and in the green nicely I was short and in the red horribly...the second F`d up part is the AMEX was the only exchange to halt trading in said options. Never gave a reason besides "system problems". My speculation is that some huge MM firm fat fingered multiple orders and was gonna be put out of biz in a matter of seconds so they just did what criminals do...they lied.
I have not traded one single contract on the AMEX since then.
The first F`d up part is I covered so instead of being flat and in the green nicely I was short and in the red horribly...the second F`d up part is the AMEX was the only exchange to halt trading in said options. Never gave a reason besides "system problems". My speculation is that some huge MM firm fat fingered multiple orders and was gonna be put out of biz in a matter of seconds so they just did what criminals do...they lied.
I have not traded one single contract on the AMEX since then.
http://www.thememoryhole.org/corp/finance/sec_amex_report.htm
See link. The report says the AMEX has deliberately falsified documents to government agencies, with the intent of covering up their problems.
If you know a lawyer, there's millions of dollars here just laying on the ground............
See link. The report says the AMEX has deliberately falsified documents to government agencies, with the intent of covering up their problems.
If you know a lawyer, there's millions of dollars here just laying on the ground............
I think you can specify in SMART routing to avoid specific exchanges.....I'd suggest avoiding AMEX given what you've posted....
SSB
SSB
=================
They may fix the problem next year with the newly annointed CEO;
in the meantime SMART routing will exclude them when you want/configure it,
and therefore live its name.
: