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Not getting US500 fills after US CPI release yesterday


speedy812

Question

Hi, has anyone had issues this summer of not getting fills after US data releases / fast markets? This has happened to me a number of times this summer, where traders sitting in my office have got fills taking the same trades at the same times with different brokers. 

 

Yesterday after the US CPI figure at 13.30 UK time, I made 3 attempts to short US500 via markets orders between 13:30:05 and 13:30:09. The reasons for the non-fills have been "Price no longer valid" and "market not available online". If I'm submitting a market order, not a limit order with a defined price, shouldn't the order be filled when my order in the queue comes up, at a lower price if so? And as for "market not available online"  . . . IG is one of the leading retail liquidity providers . . . are they really closing the market for the product with the highest volumes immediately after one of the most highly anticipated data releases this year?  

 

I have missed a number of great opportunities this summer because of this and am seriously considering moving brokers now.  

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