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Do orders rest at the exchange, broker or on your PC?

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    Do orders rest at the exchange, broker or on your PC?

    The resting location of your orders are dependant on several variables including broker, order type and exchange type.

    It is first important to understand NinjaTrader Order Status types:

    PENDINGSUBMIT - Order submitted
    REJECTED - Order rejected
    PENDINGCANCEL- Cancel requested but not confirmed
    CANCELLED - Cancel confirmed
    FILLED- Order filled
    ACCEPTED- Accepted at broker
    WORKING- Accepted at exchange


    ACCEPTED(light blue color in DOM) andWORKING (green color in DOM) are the two states we need to be concerned with to determine order resting location. Whenever an order is WORKING it means the order is resting at the exchange. Should anything happen to your PC or internet connection your order is still alive and working.

    If an order isACCEPTED it can mean several things.

    For Patsystems -

    It means the order is synthetic and the order is resting on your PC. If your PC crashes or your internet connection goes down, this order will be lost.

    For Interactive Broker and MB Trading -

    It means the order is resting on the broker's order server. If your PC crashes or your internet connection goes down, this order is still alive at the broker. If the broker's servers go down, then the order is not active and potentially lost.

    How do I know which order types willreceive anWORKING (resting at the exhange) state?

    This is dependant on the exchange itself and what order types they choose to support as native exchange order types. For example, all stop order types on ECBOT are NOT exhange supported where GLOBEX stop order types are.

    RayNinjaTrader Customer Service

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