j-trader users

GLOBEX allows for stop orders. And the orders sent by J_trader designated STOP sit on GLOBEX servers.

SO far, I inquired with GHCO and they replied with the above.

I have always heard triggered STOP orders become market orders.

ARE you absolutely positive?
 
All you have to do is ask your broker or check the CME website. As per IB's Products and Exchange page CME/Globex has native stop limits and offers simulated stop orders. So that answers part of the question, CME definitley offers stop/limit orders that reside on their servers. For the other part, call your broker.
 
Globex accepts two order types; limit orders and stop-limit orders. Every other order type is a simulated order. If you want to have a stop order that resides on the Globex servers, you need to use a stop-limit order. Market orders are actually converted to limit orders a certain number of ticks above or below the market before they are sent to Globex. A straight stop order will not reside on Globex servers. When triggered a straight stop order will also be converted to a limit order above or below the market to simulate a market order.
 
The order types supported on GLOBEX are:
These are the order validities
FOK- Fill or KILL
FAK- Fill and Kill
Day/Session-Works order for that trading day only
Session-Works order for that electronic trading session.
GTC- Good Til Canceled
Market-Will go out and try to satisfy the quantity at the best bid/offer to satisfy the quantity and work the balance at that price.
Additional order types.
Limit-User defines price
Stop Limit-Once trigger price is reached on the stop limit the limit portion of the order is entered to satisfy the order.
MIT- Market If Touched, like the stop on GLOBEX MIT has an associated limit that is entered after the trigger price has traded to satisfy the order.
OCO- Order cancels order

Any # order user's computer
 
Quote from josbarr:

The order types supported on GLOBEX are:
These are the order validities
FOK- Fill or KILL
FAK- Fill and Kill
Day/Session-Works order for that trading day only
Session-Works order for that electronic trading session.
GTC- Good Til Canceled
Market-Will go out and try to satisfy the quantity at the best bid/offer to satisfy the quantity and work the balance at that price.
Additional order types.
Limit-User defines price
Stop Limit-Once trigger price is reached on the stop limit the limit portion of the order is entered to satisfy the order.
MIT- Market If Touched, like the stop on GLOBEX MIT has an associated limit that is entered after the trigger price has traded to satisfy the order.
OCO- Order cancels order

Any # order user's computer
More...
Great ! Please forward to GHCO ! :D
 
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