I am using NinjaTrader brokers (continuum data).
QUESTION 1: Is this unexpected behavior of the above because I was using a simulated account?
QUESTION 2: : If I enter an order with TIF=Day what definition of a "day" is used and who defines it? That is, where does the logic sit that says "Ahh it's the JPY/USD futures contract and that closes at time xyz today so for these orders have not been filled by then I will cancel them". Is it at the broker themselves and so they are in control of cancelling orders correctly? Again you can imagine if my Ninja Trader is off I need to be sure TIF=DAY works as expected.
QUESTION 3: Perhaps I just have the wrong understanding of TIF?
Thanks in advance,
Michelle
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