Price Ladder Level2

[rightbyleft 10]

the ladder shows limit orders,

sellers above the last price

buyers below the last price

 

what about the limit orders

of buyers ABOVE the last price

and sellers BELOW the last price?

 

any way to get that info or infer it?

 

thanks for any help.

[NetTecture 10]

No, because they CAN NOT EXIST.

 

If you want to BUY with a limit HIGHER than the last price... you get.... EXECUTED. Nothing is left to be put into the ladder.

[diablo272 10]

Yes, the exchange (at least Globex) does not allow for the orders that you're describing.

[NetTecture 10]

It is not an exchange decision. It makes no sense from the beginning.

 

A limit order higher than the current prices will logically - regardless of exchange regulations - execute. It is non-sensical for it to exist longer than it takes to match it.

[rightbyleft 10]

No, because they CAN NOT EXIST.

 

If you want to BUY with a limit HIGHER than the last price... you get.... EXECUTED. Nothing is left to be put into the ladder.

 

perhaps i should rephrase, as open orders, like stops, buy stop, sell stop.

another example would be oanda 'open orders' that show all resting orders

above and below the current price. that type of info.

[NetTecture 10]

Trigger orders (stop, market if touched) are not part of the market util the trigger is triggered an thus are not visible.

 

Please alos note that you may not see the total orders. Iceberg orders - either even by the exchange, or the trading framework - may be part of that.

 

What is that?

 

Buy 100 cars, show maximum 10

 

Buys: 100 in lots of 10. Some exchanges support that, some trading frameworks (Zen-Fire, Rithmic - ZenFire only when using the RIthmic Api) support that automatically.