Confirming my understanding of where orders reside

[ralett]

I use NT8 with Rithmic data feed and a Phillips Capital account. I have read a few posts and an FAQ about where orders reside but I want to confirm my understanding. I'll use an example:

Let's say I am placing live trades (not SIM trading), and I place a 5 contract short trade using an ATM strategy. Once filled, I am short 5 contracts and my ATM strategy places a 5 contract "Buy Stop " order as well as 4 "Buy Limit" orders at various price levels in the queue. I see these orders on the DOM.

If I go to the Orders tab on the Control Center window, I see 5 "Stop Market" orders that say "Accepted" in the State column; I also see 4 Limit orders that say "Working" in the State column.

Am I correct in saying that the "accepted" Stop Market orders are with the exchange and will get executed if price moves to that level even if my PC dies, crashes, or is otherwise not able to send/receive data?

Conversely, the "working" Limit orders are not with the exchange but are only recorded in NT8 locally on my machine? Which means, if my PC dies, crashes, or is otherwise not able to send/receive data, these orders will not be executed until I get my NT8 application functional again.

Is that correct?

Thanks!

[NinjaTrader_ChristopherJ]

Hello ralett,

With Rithmic if an order is in a state of "Accepted" or "Working" both of these orders will reside at the exchange. If the exchange does not support a specific order type, the order will be active on the Rithmic servers therefore if you lose connection these orders will remain active.

I have provided a link below to our Support Forum that goes over Where Orders Reside.

http://www.ninjatrader.com/support/f...ead.php?t=5349