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Requote

Discussion in 'Traders Glossary' started by Pharaoh, Jun 27, 2008.

  1. Pharaoh

    Pharaoh Colonel

    Joined:
    Oct 3, 2007
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    The price changed between the time you send the order and the time the broker tried to execute it. You can either cancel the order or accept a worse price. This can happen with any broker during fast moving market conditions. Bad brokers will do this to steal a few pips even during very calm markets.

    I've composed a haiku on the subject:

    Order requoted
    Bucketshop or fast market?
    Trade profit now gone
     

Y

y/y

Z

ZEW

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