Tuesday, September 8, 2009

Ticket Order Numbers

Every time an order is submitted, it is tagged with an order #. Once an order is executed and becomes an open trade, the trade gets a ticket #. Ticket numbers are very important because all information recorded about the order or position is stored in relation to these numbers.

On occasion, one will see a number separated into two parts by a hyphen, reflecting a ticket that has been split apart into two or more orders. This occurs in the event of executions of Stop, Limit or OCO orders which liquidate parts of existing open positions.

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