Can a broker intentionally not fill your orders?

[bmoney]

huh..wow. Pretty earth shattering actually. i am not sure why i didnt think of that aspect with them controlling it. I have a couple questions though?

1. it really depends on how good that volume was performing. if you were losing Its doubtful they would have marked you.
2. was it total volume or market cap? stock price didnt matter these must have been smaller lower market cap stocks??

1. volume was performing per usual. It is extremely rare I lose any money doing this. I most often can recognize a losing trade fast enough to cut out break even and reverse my position.
2. I’m not sure I understand this question well. In my post I was referring to price action (ie the tape and order flow on the dom) rather than price itself, which isn’t relevant. Maybe that’s what you were referring to?

 

[JSOP]

Tradestation sends most of their client's equity orders to Virtu. https://uploads.tradestation.com/uploads/SEC-Rule.pdf. These Market Makers consider scalpers "toxic order flow." They have shown in the past they do not like those orders.

Yeah but they would still have an obligation to fill the orders if the price matches. They are called the "market maker" for a reason. They make markets!! They can't just ignore orders no matter how much they hate an order. That's breach of contracts to say the least.

 

[camera]

Yeah but they would still have an obligation to fill the orders if the price matches. They are called the "market maker" for a reason. They make markets!! They can't just ignore orders no matter how much they hate an order. That's breach of contracts to say the least.

This is very true, One has to check the contract to see if they are breaching such or not.

 

[ajacobson]

What did your broker say? Was the unfilled order(s) violating NBBO, because if a single Market maker wanted to step away that is certainly a problem, assuming no material omission of facts. They may, in fact, owe you the fills that were intentionally buried. Do you have reason to believe that the order was transmitted to the market?
Can they intentionally not fill you - actually yes, but you don't seem to mention any of the issues under which they could reject the order.

 

[TrailerParkTed]

Tradestation sends most of their client's equity orders to Virtu. https://uploads.tradestation.com/uploads/SEC-Rule.pdf. These Market Makers consider scalpers "toxic order flow." They have shown in the past they do not like those orders.

Well, there you have it. You are a multi-million dollar account holder, not just some retail shmoe. Welcome to the big leagues!

I day traded over 1,000,000 shares of three EV stocks yesterday. A active trader can trade 1000 shares x 500 round trips easily. 3000 x 500 is 1.5 million on stocks less than $10. Its not huge, really!

 

[TrailerParkTed]

I day traded over 1,000,000 shares of three EV stocks yesterday. A active trader can trade 1000 shares x 500 round trips easily. 3000 x 500 is 1.5 million on stocks less than $10. Its not huge, really!

I hate trading this way best left for 18 year old gamers.

 

[traider]

Congrats, you have just discovered that you are not allowed to win this rigged game.
The broker can disconnect your orders on purpose because they can always say that you are a professional but you did not register yourself properly. You can choose to fight that but I don't think that is a good route. Best way is to look for a prop shop with low fees and try to replicate what you have done.
Btw are you using algorithms for your scalping or is it manual?

 

[virtusa]

I hate trading this way best left for 18 year old gamers.

When I read about scalpers who trade 100's of trades a day, I always wonder: how much is the net profit they made?

I learned that volume doesn't matter, profits do. Trading is like business. And in business turnover doesn't matter, net profits do. There are companies that have billion dollars turnover and can't even make profit.

 

[trend2009]

I day traded over 1,000,000 shares of three EV stocks yesterday. A active trader can trade 1000 shares x 500 round trips easily. 3000 x 500 is 1.5 million on stocks less than $10. Its not huge, really!

are you kidding？

 

[TradeTune]

Tradestation sends most of their client's equity orders to Virtu. https://uploads.tradestation.com/uploads/SEC-Rule.pdf. These Market Makers consider scalpers "toxic order flow." They have shown in the past they do not like those orders.

Seems he ignored the request Registering with SEC as large trader ID?
Else is that a common practice with every broker ? Can you tell us which stock Broker doesn't ?