Not Just Oops: Concerns About Technical Glitches [View article]
I noticed something similar at the very end of trading in PM on 9/29. I had an order in for 47 something that I put in at 3:45 which wasn't filled by the end of the day. When I checked my account several hours later the closing price was 46.80. There was something on the news about the big trading houses stepping in and taking up all the sell orders because there were no buyers. Okay I am a small buyer but I was a buyer and my order was never filled. Is this incompetence, a technical glitch or are us small investors collateral damage in the big gun games? Also all of this sounds possibly at worst illegal (altho what IS illegal these days?!?!) and at best unethical what can we do? Guess I should be grateful I wasn't on the wrong side of a worse trade but all of this really infuriates me.
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I noticed something similar at the very end of trading in PM on 9/29. I had an order in for 47 something that I put in at 3:45 which wasn't filled by the end of the day. When I checked my account several hours later the closing price was 46.80. There was something on the news about the big trading houses stepping in and taking up all the sell orders because there were no buyers. Okay I am a small buyer but I was a buyer and my order was never filled. Is this incompetence, a technical glitch or are us small investors collateral damage in the big gun games? Also all of this sounds possibly at worst illegal (altho what IS illegal these days?!?!) and at best unethical what can we do? Guess I should be grateful I wasn't on the wrong side of a worse trade but all of this really infuriates me.
Oct 02 10:08 am
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