Supported Order type for NYBOT

[ostadler]

Hello all,

I have a question regarding supported order types and where orders reside. In the sticky thread "Where does my order reside?" I read that with Zenfire a not supported order type for a given exchange will reside on the Zenfire servers and be sent to the exchange when the right moment has come.
I will try to give an example, so please tell me if I got this right:

A Stop-Loss order at NYBOT (ICE) is not natively supported by the exchange. So when I want to place some kind of protection I normally would have to place a supported Stop-Limit order (which could be potentially unsafe). But when I place a Stop-Loss order with NinjaTrader along with Zenfire, it will reside on the Zenfire servers and become a Market order when the given price has been reached and will automatically be send to the exchange.

Is this correct? Or is there a mistake in my thinking?

Thanks a lot for clearing things up for me,

Greetings from Germany,

Oliver

[NinjaTrader_Ray]

Seems correct but I suggest contacting your broker for further confirmation.

[ostadler]

Ah, ok!

Just for more understanding: Does every broker have its own ZenFire server? So the ZenFire servers are not a central institution?

[NinjaTrader_Ray]

It is central.