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MIT vs Limit Orders

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Chicago, IL
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Platform: X_TRADER, TT
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You're giving up a tick if you execute MIT. At least a tick. You're also open to greater price risk in thinner markets.

If your limit orders are not getting filled there's something else going on. Monitor your position in queue using the EPIQ column in MD Trader or Market Grid. You'll know your worst case position in queue that way. CME is rolling out MBO as well. MBO will provide actual position in queue at the matching engine. This rollout will be gradual...and there's been some problems already...but this will be a great piece of information for traders to monitor and use in their trading.

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