This is what the problem was: In accordance w
Post# of 1584
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Posted On: 03/01/2017 1:08:02 PM
This is what the problem was:
In accordance with regulatory obligations, the executing broker may set a price ceiling for a buy order or a price floor for a sell order. Although the price caps are set at a level intended to balance the objectives of trade certainty and minimized price risk, there exists a possibility that a trade will be delayed or may not take place. In addition, please note that certain exchanges may impose their own price caps or bands on orders at levels that can be more or less restrictive than those imposed by the executing broker, and which may similarly affect the speed and certainty of trades.
If you have a specific order that has been price capped and would like to request that the cap be raised on a buy order or the floor be lowered on a sell order, please contact Customer Service.
Is this to protect the buyer, or to protect the "market"?
In accordance with regulatory obligations, the executing broker may set a price ceiling for a buy order or a price floor for a sell order. Although the price caps are set at a level intended to balance the objectives of trade certainty and minimized price risk, there exists a possibility that a trade will be delayed or may not take place. In addition, please note that certain exchanges may impose their own price caps or bands on orders at levels that can be more or less restrictive than those imposed by the executing broker, and which may similarly affect the speed and certainty of trades.
If you have a specific order that has been price capped and would like to request that the cap be raised on a buy order or the floor be lowered on a sell order, please contact Customer Service.
Is this to protect the buyer, or to protect the "market"?
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