Instant fills on SL but relatively longer wait for limit orders? | Traders Hideout


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Instant fills on SL but relatively longer wait for limit orders?

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Boston, Massachusets
 
 
Posts: 8 since Feb 2016
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Instant fills on SL but relatively longer wait for limit orders?

Had a genuine question as to how most brokers operate in regards to limit orders and stop losses. I've noticed that literally every time I place a limit order, it takes a lot of time to fill even though I queued earlier than the contracts I see. I will get filled when that level clears all contracts including mine, bumping price up to the next level. However, I noticed that when I have my stop losses in, then my order gets filled INSTANTLY. Even if I am 400th contract on the DOM, I get filled as soon as the price immediately hits offer I get stopped. So, can anyone explain why this is the case? Are brokers responsible for these executions? Or do all brokers operate this way? Is this a default thing? Preference? Really curious.

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