clifp
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Oct 27, 2006
- Messages
- 7,733
I decide to add to my position in ISM a couple of days ago. (For the new folks its inflation indexed bond issued by student loan giant Sallie Mae, that is/was quite popular on the board).
Looking at chart over the last month, I decided to put in a limit order at $24.42 for 1,000 shares. There were only 1,150 shares/bonds traded today at price of 24.4201 or 1/100 of penny more than I was offering. So somebody got the whole order for $.10 above me argh. How come I have to put in offers at penny increments but the silly high frequency traders can beat me by 1/100 of cent..
Looking at chart over the last month, I decided to put in a limit order at $24.42 for 1,000 shares. There were only 1,150 shares/bonds traded today at price of 24.4201 or 1/100 of penny more than I was offering. So somebody got the whole order for $.10 above me argh. How come I have to put in offers at penny increments but the silly high frequency traders can beat me by 1/100 of cent..