the following message appeared on my account with
Fidelity:
Beginning on January 18, 2013, in accordance with new
FINRA Rule 5350, all Stop Loss and Stop Limit orders will be
triggered by a transaction/print rather than by the Bid/Ask quote.
Any Good Til Cancelled orders remaining open on or after January
18, 2013, will trigger off of a transaction/print rather than the
quote.
Does anyone have an idea how this will
impact us (if at all) as traders?
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When raising stops on several stocks today....
Posted by RichieD on 12th of Dec 2012 at 02:11 pm
the following message appeared on my account with Fidelity:
Beginning on January 18, 2013, in accordance with new FINRA Rule 5350, all Stop Loss and Stop Limit orders will be triggered by a transaction/print rather than by the Bid/Ask quote. Any Good Til Cancelled orders remaining open on or after January 18, 2013, will trigger off of a transaction/print rather than the quote.Does anyone have an idea how this will impact us (if at all) as traders?