Orders sent to exchange or stored locally

March 27th, 2012, 09:35 AM

As it pertains to NT...

Are a trade's Entry, SL and TP orders saved at the exchange or on the PC.

If I lose internet connectivity, is a call to the trading desk required?

I'm not sure if this is a service of NT or the broker....

tia

March 27th, 2012, 09:42 AM

CQG
Orders in a state "Accepted" or "Working" are at the exchange. If the exchange does not support a specific order type, the order will be active on the CQG servers.
OCO (One Cancels Other) functionality is simulated on your local PC.

still a little fuzzy on this....

March 27th, 2012, 11:47 AM

It seems that with CQG, the basic order itself is held either at the exchange or CQG servers - which is good.

If internet connect goes down and TP is hit, OCO does not kick in as it is generated from the PC, leaving the SL
order in place, that would enter you in another, unprotected trade if hit. - Which is bad

I should call AMP for some more clarification on this..

...will update..

Orders sent to exchange or stored locally

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Orders sent to exchange or stored locally