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Supported Order type for NYBOT

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    Supported Order type for NYBOT

    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

    #2
    Seems correct but I suggest contacting your broker for further confirmation.
    RayNinjaTrader Customer Service

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      #3
      Ah, ok!

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

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        #4
        It is central.
        RayNinjaTrader Customer Service

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