Hi all,
As a system seller I’d like to know how C2 treats a situation when a signal is sent to all subscribers (for example BTO at some limit price) but only a few subscribers order are filled while others doesn’t. Now, since my system manages filled and unfilled (opened/submitted) orders differently how can I make sure all my clients get the right service? I (or my computer) cannot take care on each of my clients accounts separately (this is actually what C2 suppose to do)??
Izhak
If your limit price is just-touched (i.e. if some of your clients get a fill on a limit order, but other clients do not), then C2 will make sure the “unlucky” clients stay in sync by converting them to a market order (taking the bid or the ask) after a brief waiting period. In other words, you do not need to worry about this: C2 will take care of making sure all clients stay in sync with your system.
If your system constantly tries to scalp “just-touched” limit orders, then some portion of your clients will experience slippage. This can add up. While a lot of vendors complain about this, I point out to these vendors that if they were managing money in a hedge fund or managed account with one large aggregated account under their management, they’d have the same exact problem - that is, only a small portion of their managed account would fill at their desired price, and the rest of their account would need to be filled at the next-best price.
My point is that, when you effectively manage large amounts of money (as some system vendors here on C2 do in a “distributed” and “virtual” sense, not in a legal sense), trading is not as simple as when you manage your own small, personal account.
