>> there is nothing there to interfere or regulate OCO orders
This order type OCO is not precluded by FINRA or SEC or IIROC in Canada—it is up to the broker what conditional orders to handle. > A one-cancels-the-other order (OCO) is a pair of orders stipulating that if > one order executes, then the other order is automatically canceled. An OCO > order combines a stop order with a limit order on an automated trading > platform. > see for example TD Direct Investing: > What Conditional Order Types are available in WebBroker? > WebBroker allows you to place three types of conditional orders – > One-Cancels-Other (OCO), One-Triggers-Another (OTA), > First-Triggers-One-Cancels-Other (FTOCO). Trump tweets have become consequential for some investors--JPMorgan created the ‘Volfefe’ Index to Track Trump Tweet Impact - Bloomberg >> https://www.bloomberg.com/news/articles/2019-09-09/jpmorgan-creates-volfefe-index-to-track-trump-tweet-impact >> >> <https://www.bloomberg.com/news/articles/2019-09-09/jpmorgan-creates-volfefe-index-to-track-trump-tweet-impact> Donna Y dy...@sympatico.ca > On Sep 9, 2019, at 7:35 PM, Jose Mario Quintana > <jose.mario.quint...@gmail.com> wrote: > > I am sorry but circuit breakers are designed to "protect" (we are here from > the regulatory agency and we are here to help) market participants from > themselves by preventing them from trading during certain wild markets > gyrations (e.g., "if the price of that covered security decreases by 10%"); > there is nothing there to interfere or regulate OCO orders during typical > market sessions. > > Would you like to try again? > > > On Mon, Sep 9, 2019 at 10:47 AM Raul Miller <rauldmil...@gmail.com> wrote: >> >> On Sun, Sep 8, 2019 at 4:30 PM Jose Mario Quintana >> <jose.mario.quint...@gmail.com> wrote: >>> Good idea, they are, I am afraid, only la-la regulations against OCO >>> orders. >> >> Ok... I think I see what you might be trying to say. >> >> But, for example, there used to be a FINRA Rule 5210. I can't find a >> current representation of its text, but the summary seems to be that >> it limited layering of quotes. >> >> Or, for example, there's >> https://www.law.cornell.edu/cfr/text/17/242.201 which places some >> structural limitations on order valuation. >> >> And I imagine I'd find more, if I spent more time on this. Especially >> if I had access to LexisNexis search. >> >> Thanks, >> >> -- >> Raul >> ---------------------------------------------------------------------- >> For information about J forums see http://www.jsoftware.com/forums.htm > ---------------------------------------------------------------------- > For information about J forums see http://www.jsoftware.com/forums.htm ---------------------------------------------------------------------- For information about J forums see http://www.jsoftware.com/forums.htm
