You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
ESTX50 slippage
- Thread starter KS96
- Start date
Seems so...Quote from KS96:
Is there a time priority in stops?
"Stop orders are only triggered upon reaching the stop limit. In this case they are automatically entered as market orders in the Eurex order book, where they are executed according to the price-time priority principle"
"If several market orders are booked in the order book, the Eurex® system takes into account the timestamp of the orders to establish matching priority. The earliest market order entered receives the highest priority."
http://www.eurexchange.com/trading/market_model/matching_principles/priority_en.html
Have you guys considered that it's a holiday week and volume is down in the US which affects markets world wide. ECB also had a rate announcement, unchanged I heard, buy BOE raised. I don' t trade stoxx50 yet, but have been watching it this last week and reading up on it. A trader on another thread from Europe, said some European traders he knew where taking the week off due to the 4th in states causing low volume.
Funny thing when I have looked at Stoxx50 it tracks the S $ P, but with less chop.
Funny thing when I have looked at Stoxx50 it tracks the S $ P, but with less chop.
Quote from KS96:
Well, i was standing at 42 for around 13mins
(according to the charts, the oldest stops at 42
were from 1h10mins ago), >10k contracts traded
that minute and it seems I got filled last @#$@#&*
something stinks
never experienced nor heard of a 4-pts slippage
in ESTX before
Saw that but looked like it was one big order going through for 2000 in reasonably empty book... was your stop for 1? 30? 50? or the 500 that caught the 39 and 38 together?
GLUCK
never mind the holiday week, it was during the ECB press conference....been a lot fo talk across Europe about protectionism lately. i think Trichet was asked a question about it. The story in FT about German Government saying certain German companies could not fall into foreign ownership, caused the Dax to get ironed a 100 pts last week.