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Block order question


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Block order question

  #1 (permalink)
lightsun47
Toronto, Canada
 
Posts: 357 since May 2018
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Hi,

The screenshot is of GC 06-20. If there is a market order of a block trade for 300 contracts (or something similarly big) at this very spot (either long or short), the price will go in the block order's execution right away?

Or it takes time to fill like limit orders?

And of course, the price will only start changing the direction until the friction of opposition has met with equal or more contracts. Correct?

Thanks.

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  #2 (permalink)
slythic
Miami, FL
 
Posts: 13 since Apr 2020
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Don't have an answer but definitely looking forward to posts from other users.

From my understanding, such large orders are placed on "dark pools/exchanges" in order to conceal the trade and more intelligently deal with the size.

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Last Updated on April 14, 2020


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