Hi,
To my understanding a requote is something like this:
The price you saw when you sent your order isn't the same price when the order reaches the broker, and the dealing desk rejects that order. Sometimes the broker will do this if the trade they have taken from you is unfavorable to them (hence screwing you).
But can I avoid requotes more if I send in a market order with maximum slippage value? (I never trade news btw, assume normal ~ kind of fast market)
Isn't that the definition of a market order : to fill me at any price?
Thanks
To my understanding a requote is something like this:
The price you saw when you sent your order isn't the same price when the order reaches the broker, and the dealing desk rejects that order. Sometimes the broker will do this if the trade they have taken from you is unfavorable to them (hence screwing you).
But can I avoid requotes more if I send in a market order with maximum slippage value? (I never trade news btw, assume normal ~ kind of fast market)
Isn't that the definition of a market order : to fill me at any price?
Thanks