Hi,
thought I'd share this as its a first for me - specifically a small order I had (4 minilots) on GBP USD hit the take profit but did not get filled due to:
NOW...given the size of the order,asserting that on a major there was insufficient liquidity is, to me, absurd - beyond that I knew that brokers have a specific duty to make sure that the system run smoothly - specifically ensuring that all positions be filled if at all possible even holding them inhouse until a counterparty is made available....
Am I totally off base on this or not?
It is a major broker.
Thanks.
thought I'd share this as its a first for me - specifically a small order I had (4 minilots) on GBP USD hit the take profit but did not get filled due to:
QuoteDislikedthe limit price was reached and the order went into process. The limit order was unable to be filled at the price requested so it went back to waiting. The limit price was not reached again, so the order did not go into process again.
Limit orders are often filled at the requested price. In cases where the liquidity pool is not large enough to fill a limit order, the order will be rejected and reset until the order can be filled. We will be unable to make an adjustment on the position since the limit order was unable to be filled due to insufficient liquidity.
Am I totally off base on this or not?
It is a major broker.
Thanks.
Nihil inimicus quam sibi ipse Marcus Tullius Cicero